Risk factor
Resilient to price shocks
Profitability factor
Weak margins and returns
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 undervalued relative to its peers. In particular, the stock is overpriced on P/E, 'cheap' on EV/EBIT
Target Price
The average target price of MER.ST is 25 and suggests 51% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to increa
Buy
Sell