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

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

Africa Oil Stock Up 0.7 %

Shares of OTCMKTS AOIFF opened at $1.39 on Tuesday. The company has a current ratio of 8.99, a quick ratio of 8.99 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $1.37 and a 200 day moving average of $1.44. Africa Oil has a 12-month low of $1.24 and a 12-month high of $1.97. The stock has a market cap of $610.32 million, a PE ratio of -1.65 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.