Risk factor
Strong & resilient to price shocks
Profitability factor
Favourable analyst view
About
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.
Company Valuation
Based on key historical and expected multiples, the stock is slightly overvalued relative to its peers. Specifically, the stock is fairly valued on P/E, undervalued on EV
Target Price
The average target price of MER.ST is 25 and suggests 66% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to increa
Buy
Sell