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How to buy Africa Oil stock in Canada

Africa Oil stock has moved -2.47% from yesterday's closing price. Learn how to easily invest in Africa Oil stock.

Africa Oil is an oil & gas e&p business based in Canada. Africa Oil stocks (AOI.TO) are listed on the TO and all prices are listed in Canadian Dollars. Its last market close was C$2.83 – an increase of 1.07% over the previous week. Africa Oil employs 0 staff and has a trailing 12-month revenue of around C$143.6 million.

How to buy Africa Oil stock

  1. Open a stock trading account. Use our comparison table or choose from our Top Picks.
  2. Confirm your payment details. Fund your account with a bank transfer, debit card or credit card and take advantage of any signup bonuses.
  3. Search for the stock by name or ticker symbol – AOI. It's that simple.

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Africa Oil stock price (TO:AOI)

Use our graph to track the performance of AOI stocks over time.

Africa Oil shares at a glance

Information last updated 2022-11-18.
Latest market closeC$2.83
52-week rangeC$1.68 - C$3.44
50-day moving average C$2.96
200-day moving average C$2.52
Wall St. target priceC$3.53
PE ratio 6.8222
Dividend yield C$0 (2.23%)
Earnings per share (TTM) C$0.45

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Is it a good time to buy Africa Oil stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Africa Oil price performance over time

Historical closes compared with the close of C$2.83 from 2023-01-27

1 week (2023-01-24) 1.07%
1 month (2022-12-30) 13.65%
3 months (2022-10-31) -15.27%
6 months (2022-07-29) 19.41%
1 year (2022-01-31) 36.06%
2 years (2021-01-29) 148.25%
3 years (2020-01-31) 106.57%
5 years (2018-01-31) 89.93%

Is Africa Oil under- or over-valued?

Valuing Africa Oil stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Africa Oil's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Africa Oil's P/E ratio

Africa Oil's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 7x. In other words, Africa Oil shares trade at around 7x recent earnings.

Africa Oil's PEG ratio

Africa Oil's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.46. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Africa Oil's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Africa Oil's EBITDA

Africa Oil's EBITDA (earnings before interest, taxes, depreciation and amortisation) is C$197.6 million.

The EBITDA is a measure of a Africa Oil's overall financial performance and is widely used to measure a its profitability.

Africa Oil financials

Revenue TTM C$143.6 million
Operating margin TTM 82.47%
Gross profit TTM C$226.9 million
Return on assets TTM 7.17%
Return on equity TTM 18.23%
Profit margin 123.14%
Book value C$2.19
Market capitalisation C$1.5 billion

TTM: trailing 12 months

Africa Oil share dividends

18%

Dividend payout ratio: 17.96% of net profits

Recently Africa Oil has paid out, on average, around 17.96% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.23% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Africa Oil shareholders could enjoy a 2.23% return on their shares, in the form of dividend payments. In Africa Oil's case, that would currently equate to about C$0 per share.

While Africa Oil's payout ratio might seem low, this can signify that Africa Oil is investing more in its future growth.

Africa Oil's most recent dividend payout was on 30 September 2022. The latest dividend was paid out to all shareholders who bought their shares by 8 September 2022 (the "ex-dividend date").

Have Africa Oil's shares ever split?

Africa Oil's shares were split on a 1:5 basis on 22 September 1999. So if you had owned 5 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Africa Oil shares – just the quantity. However, indirectly, the new 400% higher share price could have impacted the market appetite for Africa Oil shares which in turn could have impacted Africa Oil's share price.

Africa Oil share price volatility

Over the last 12 months, Africa Oil's shares have ranged in value from as little as C$1.6821 up to C$3.44. A popular way to gauge a stock's volatility is its "beta".

AOI.TO volatility(beta: 1.63)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (TO average) beta is 1, while Africa Oil's is 1.6335. This would suggest that Africa Oil's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Africa Oil overview

Africa Oil Corp. , together with its subsidiaries, operates as an oil and gas exploration and development 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 assets in Guyana, Kenya, Namibia, Nigeria, South Africa, Ethiopia, and in the Senegal Guinea Bissau Joint Development Zone. The company was formerly known as Canmex Minerals Corporation and changed its name to Africa Oil Corp. in August 2007. Africa Oil Corp.

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