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Africa Oil Corp (TSE:MER)
:MER
MER Stock Chart & Stats
Day’s Range― - ―
52-Week RangeC$1.59 - C$2.18
Previous CloseN/A
VolumeN/A
Average Volume (3M)561.87K
Market Cap
C$1.22B
Enterprise ValueC$1.52B
Total Cash (Recent Filing)C$266.60M
Total Debt (Recent Filing)C$379.30M
Price to Earnings (P/E)―
Beta1.29
Next Earnings
Nov 13, 2025EPS EstimateN/A
Last Dividend Ex-Date
Aug 20, 2025Dividend Yield5.75%
Share Statistics
EPS (TTM)0.00
Shares Outstanding675,512,600
10 Day Avg. Volume385,219
30 Day Avg. Volume561,873
Financial Highlights & Ratios
PEG Ratio5.71
Price to Book (P/B)1.16
Price to Sales (P/S)0.00
P/FCF Ratio-15.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$2.50Price Target Upside38.32% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Bulls Say, Bears Say
Bulls Say
DividendsThe Prime reorganisation is expected to underpin a sustainable annual dividend of at least $100 million, significantly higher than current levels.
EarningsAfrica Oil published Q4/24 results with numbers within guidance and slightly ahead of analyst estimates.
Operational PerformanceThe Egina field completed the year above plan due to its high production efficiency and successful well interventions.
Bears Say
Share PriceThe operational performance and smart corporate decisions made are at odds with the share price weakness, presenting an attractive opportunity for investors.
ValuationThe shares are trading at a 41% discount to analyst NAV of $3.20 per share.
Africa Oil News
MER FAQ
What was Africa Oil Corp’s price range in the past 12 months?
Africa Oil Corp lowest stock price was C$1.59 and its highest was C$2.18 in the past 12 months.
What is Africa Oil Corp’s market cap?
Africa Oil Corp’s market cap is C$1.22B.
When is Africa Oil Corp’s upcoming earnings report date?
Africa Oil Corp’s upcoming earnings report date is Nov 13, 2025 which is in 53 days.
How were Africa Oil Corp’s earnings last quarter?
Africa Oil Corp released its earnings results on Aug 12, 2025. The company reported C$0 earnings per share for the quarter, the consensus estimate of N/A by C$0.
Is Africa Oil Corp overvalued?
According to Wall Street analysts Africa Oil Corp’s price is currently Undervalued.
Does Africa Oil Corp pay dividends?
Africa Oil Corp pays a Quarterly dividend of C$0.051 which represents an annual dividend yield of 5.75%. See more information on Africa Oil Corp dividends here
What is Africa Oil Corp’s EPS estimate?
Africa Oil Corp’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Africa Oil Corp have?
Africa Oil Corp has 675,512,600 shares outstanding.
What happened to Africa Oil Corp’s price movement after its last earnings report?
Africa Oil Corp reported an EPS of C$0 in its last earnings report, expectations of N/A. Following the earnings report the stock price went down -2.324%.
Which hedge fund is a major shareholder of Africa Oil Corp?
Currently, no hedge funds are holding shares in TSE:MER
Africa Oil Stock Smart Score
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
C$2.50 (38.32% Upside)
C$2.50 (38.32% Upside)
Blogger Sentiment
Bullish
TSE:MER Sentiment 70%
Sector Average 71%
Sector Average 71%
Insider Transactions
Bought Shares
Worth $82.0K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 59%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.44%
12-Months-Change
Fundamentals
Return on Equity
-26.19%
Trailing 12-Months
Asset Growth
158.86%
Trailing 12-Months
Company Description
Africa Oil Corp
Meren Energy Inc., formerly known as Africa Oil Corp., is a Canadian oil and gas exploration and production company. It operates in Nigeria, Namibia, South Africa, and Equatorial Guinea, holding interests in producing and development assets in deep-water Nigeria, as well as a portfolio of development and exploration assets in West and South Africa.
MER Company Deck
MER Earnings Call
Q2 2025
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view of Meren's performance. The company is demonstrating strong financial discipline with substantial dividend distributions and successful debt reduction. However, there are challenges with slightly softer production volumes and revised financial guidance due to lower oil prices.View all TSE:MER earnings summariesTechnical Analysis
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Options Prices
Currently, No data available
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