Several other equities analysts have also commented on the stock. TD Securities increased their target price on shares of Africa Oil Corp. from C$3.25 to C$3.50 and gave the company a speculative buy rating in a report on Monday, August 15th. Royal Bank Of Canada dropped their price target on shares of Africa Oil Corp. from C$3.00 to C$2.70 in a research report on Thursday, July 14th. Finally, Scotiabank reissued a sector perform rating and set a C$3.00 price target on shares of Africa Oil Corp. in a research report on Monday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of C$3.24.
Africa Oil Corp. (TSE:AOI) opened at 2.32 on Wednesday. Africa Oil Corp. has a 12-month low of $1.53 and a 12-month high of $2.45. The firm’s 50-day moving average price is $2.07 and its 200 day moving average price is $2.00. The firm’s market cap is $1.06 billion.
Africa Oil Corp. Company Profile
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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