Oando traded at 48.50 this Thursday March 26th, decreasing 1.45 or 2.90 percent since the previous trading session. Looking back, over the last four weeks, Oando lost 16.03 percent. Over the last 12 months, its price rose by 0.83 percent. Looking ahead, we forecast Oando to be priced at 48.93 by the end of this quarter and at 46.00 in one year, according to Trading Economics global macro models projections and analysts expectations.
Oando Plc. is a Nigeria-based integrated energy solutions provider. The Company operates through four segments: Exploration and production (E&P), Supply and Trading, Gas and Power, and Corporate and others. The E&P segment is involved in the exploration for and production of oil and gas through the acquisition of rights in oil blocks on the Nigerian continental shelf and deep offshore. In Nigeria, the Company holds interest in assets, including OML 60, OML 61, OML 62, OML 63, OML 122, OML 125, OML 131 and OML 134. It also holds interest in Blocks 5 and 12 located in Sao Tome and Principe. The Supply and Trading segment is engaged in trading of refined and unrefined petroleum products. The Gas and Power segment is engaged in the distribution of natural gas through its subsidiaries, Gaslink Nigeria Limited and Central Horizon Gas Company. The Company, through Gaslink Nigeria Limited and Central Horizon Gas Company, also supplies power to industrial customers.