Barclays Upgrades Africa Oil (OTCMKTS:AOIFF) to Strong-Buy

Africa Oil (OTCMKTS:AOIFF) was upgraded by stock analysts at Barclays to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Africa Oil Stock Down 1.4 %

OTCMKTS:AOIFF opened at $1.37 on Tuesday. The company’s 50-day simple moving average is $1.37 and its 200-day simple moving average is $1.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.99 and a current ratio of 8.99. Africa Oil has a fifty-two week low of $1.24 and a fifty-two week high of $1.97. The stock has a market capitalization of $601.54 million, a P/E ratio of -1.63 and a beta of 1.00.

About Africa Oil

Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and production company in Kenya, Nigeria, and South Africa. The company holds interests in producing and development assets in deep-water Nigeria, and development assets in Kenya. It also has a portfolio of exploration and appraisal assets in Namibia, Nigeria, South Africa, and Kenya, as well as Guyana and Senegal Guinea Bissau Joint Development Zone.