Africa Oil (OTCMKTS:AOIFF) Upgraded at Barclays

Barclays upgraded shares of Africa Oil (OTCMKTS:AOIFF) to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

Africa Oil Stock Down 0.7 %

OTCMKTS AOIFF opened at $1.36 on Tuesday. The stock’s 50-day moving average price is $1.38 and its 200-day moving average price is $1.43. The company has a market capitalization of $597.15 million, a P/E ratio of -1.62 and a beta of 1.00. The company has a quick ratio of 8.99, a current ratio of 8.99 and a debt-to-equity ratio of 0.01. Africa Oil has a 52 week low of $1.24 and a 52 week high of $1.97.

Africa Oil Company Profile

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.