Analysts Set Africa Oil Corp. (TSE:AOI) PT at $3.13
Africa Oil Corp. (TSE:AOI) has received an average rating of “Hold” from the seven analysts that are presently covering the firm. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$3.13.
AOI has been the topic of a number of research reports. TD Securities raised their price objective on 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 decreased their price objective on Africa Oil Corp. from C$3.00 to C$2.70 in a report on Thursday, July 14th. Finally, Scotiabank reissued a “sector perform” rating and set a C$3.00 price objective on shares of Africa Oil Corp. in a report on Monday, August 15th.
Africa Oil Corp. (TSE:AOI) opened at 2.05 on Tuesday. Africa Oil Corp. has a 52 week low of $1.53 and a 52 week 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 firm’s market capitalization is $935.65 million.
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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