Africa Oil (OTCMKTS:AOIFF) Upgraded at Barclays

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

Africa Oil Trading Up 0.7 %

Shares of AOIFF stock opened at $1.39 on Tuesday. The stock has a market cap of $610.32 million, a P/E ratio of -1.65 and a beta of 1.00. Africa Oil has a 1 year low of $1.24 and a 1 year high of $1.97. 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 stock has a 50 day simple moving average of $1.37 and a 200 day simple moving average of $1.44.

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.