Overview
Africa Oil Corp. is an international oil and gas company based in Canada, primarily focusing on asset development in the African continent. As an active player in the exploration and production sector, the company manages a variety of significant projects that contribute to its growth strategy. Among its notable ventures is its partnership in the South Lokichar Basin in Kenya, where it holds substantial oil reserves and has ongoing development initiatives. Additionally, Africa Oil Corp. has strategic interests in several prolific oil blocks in Nigeria through its acquisitions and equity investments. Its active involvement in these regions exemplifies its commitment to collaborating on hydrocarbon exploration, with an emphasis on sustainable and efficient energy production practices.
Basic Stats
The share price of Meren Energy Inc. as of June 10, 2024 is $1.81 / share. The market cap (or net worth) of Meren Energy Inc. as of September 5, 2025 is $1,222.68 MM.
The Factor Analysis chart (below right) shows a view of Meren Energy Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 1,222.68 MM |
| EV | 956.08 MM |
| Shares Out. | 675.51 MM |
| Earnings Date | |
| EPS (TTM) | -0.34 |
| Dividend Yield | |
| Ex-Dividend Date | 2025-08-20 |
| Borrow Rate | 4.82 |
| Short Shares Avail. | 2.20 MM |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | |
| Volatility (1 yr) | |
| Beta | |
| Sharpe Ratio (1 yr) | |
| Sortino Ratio (1 yr) |
| PE Ratio | -5.34 |
| Price/Book | 1.36 |
| Price/TBV | 1.42 |
| Book/Market | 0.74 |
| EBIT/EV | -0.22 |
| EBIT(3yr avg)/EV | -0.08 |
| ROA | -0.25 |
| ROE | -0.27 |
| ROIC | -0.25 |
| CROIC | 0.09 |
| OCROIC | 0.03 |
| Implied Volatility | |
| Put/Call OI Ratio |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Meren Energy Inc. is $2.36. The forecasts range from a low of $1.82 to a high of $2.96. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Meren Energy Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2023-09-28 | PEEL HUNT | Buy | Buy | Maintains |
| 2023-08-28 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-08-27 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-06-05 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-06-04 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-04-14 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-03-17 | PEEL HUNT | Buy | Buy | Maintains |
| 2023-03-16 | PEEL HUNT | Buy | Buy | Maintains |
| 2022-12-05 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-11-15 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-09-26 | Barclays | Hold | Maintains | |
| 2022-05-13 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-02-25 | Scotiabank Capital | Sector Perform | Initiate | |
| 2021-10-15 | Sbank | Sector Perform | Maintains | |
| 2019-03-01 | GMP Securities | 2.2 | 2.6 | Upgrade |
| 2018-12-13 | GMP Securities | 2.6 | 2.2 | Downgrade |
| 2018-11-01 | BMO Capital Markets | 2.15 | 2.35 | Upgrade |
| 2018-08-02 | BMO Capital Markets | 2.2 | 2.15 | Downgrade |
| 2018-05-11 | RBC Capital | Sector Perform | Outperform | Upgrade |
| 2018-04-24 | BMO Capital Markets | 2.4 | 2.2 | Downgrade |
| 2018-04-24 | Credit Suisse | 1.44 | 1.43 | Downgrade |
| 2018-03-13 | Credit Suisse | 1.8 | 1.44 | Downgrade |
| 2016-10-12 | Dundee Securities | Buy | Maintains | |
| 2016-08-16 | TD Securities | Speculatie Buy | Maintains | |
| 2015-11-10 | Sbank | Sector Perform | Maintains | |
| 2015-11-10 | First Energy | Outperform | Maintains | |
| 2015-11-09 | Renaissance Capital | Hold | Maintains | |
| 2015-09-11 | Canaccord Genuity | Buy | Maintains | |
| 2015-07-03 | BMO Capital Markets | At Market Perform | Outperform | Maintains |
| 2015-04-10 | Canaccord Genuity | Source of Funds | Maintains | |
| 2014-12-17 | RBC Capital | Sector Perform | Outperform | Upgrade |
| 2014-10-24 | Sbank | Hold | Maintains | |
| 2014-10-01 | TD Securities | Source of Funds | Maintains | |
| 2014-10-01 | BMO Capital Markets | Outperform | Maintains | |
| 2014-04-23 | HSBC | Outperform | Initiate | |
| 2014-03-31 | RBC Capital | Outperform | Maintains | |
| 2014-03-28 | Credit Suisse | Outperform | Maintains | |
| 2014-01-16 | TD Securities | Source of Funds | Maintains | |
| 2014-01-16 | Credit Suisse | Outperform | Maintains | |
| 2013-12-18 | Credit Suisse | Outperform | Initiate | |
| 2013-10-29 | Canaccord Genuity | Hold | Maintains | |
| 2013-10-21 | Salman Partners | Hold | Maintains | |
| 2013-10-17 | RBC Capital | Outperform | Maintains | |
| 2013-09-11 | RBC Capital | Outperform | Maintains | |
| 2013-09-05 | TD Securities | Source of Funds | Maintains | |
| 2013-08-16 | TD Securities | Source of Funds | Initiate | |
| 2013-01-10 | Global Hunter | Buy | Initiate | |
| 2023-09-27 | PEEL HUNT | Buy | Buy | Maintains |
| 2025-03-23 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2025-03-19 | STIFEL NICOLAUS AND COMPANY, INCORPORATED | Buy | Buy | Maintains |
| 2024-12-17 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2024-11-21 | STIFEL NICOLAUS AND COMPANY, INCORPORATED | Buy | Buy | Maintains |
| 2024-11-18 | PEEL HUNT | Buy | Buy | Maintains |
| 2025-07-10 | PEEL HUNT | Buy | Buy | Maintains |
| 2025-07-09 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2025-05-14 | STIFEL NICOLAUS AND COMPANY, INCORPORATED | Buy | Buy | Maintains |
