Shares of Africa Oil Corp. (TSE:AOI) have been given an average rating of “Hold” by the seven ratings firms that are covering the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$3.13.
A number of analysts recently issued reports on the company. TD Securities lifted their target price on Africa Oil Corp. from C$3.25 to C$3.50 and gave the company a “speculative buy” rating in a research report on Monday, August 15th. Royal Bank Of Canada lowered their target price on Africa Oil Corp. from C$3.00 to C$2.70 in a research report on Thursday, July 14th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a C$3.00 target price on shares of Africa Oil Corp. in a research report on Monday, August 15th.
Shares of Africa Oil Corp. (TSE:AOI) opened at 2.07 on Tuesday. Africa Oil Corp. has a 12 month low of $1.53 and a 12 month high of $2.45. The firm has a 50 day moving average price of $2.00 and a 200-day moving average price of $1.99. The company’s market cap is $944.78 million.
About Africa Oil Corp.
Africa Oil Corp. (AOC) is a Canada-based oil and gas exploration and development company. The Company has oil and gas interest in Kenya and Ethiopia. The Company focuses on the acquisition, exploration and development of oil and gas assets, located in under-explored geographic areas, in the early phase of the upstream oil and gas life-cycle.
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