Africa Oil Corp. (TSE:AOI)‘s stock had its “sector perform” rating reiterated by analysts at Scotiabank in a note issued to investors on Tuesday. They presently have a C$3.00 price target on the stock. Scotiabank’s price target indicates a potential upside of 58.73% from the company’s previous close.

A number of other research firms have also recently commented on AOI. Dundee Securities lifted their target price on Africa Oil Corp. from C$3.25 to C$3.50 and gave the stock a “buy” rating in a research report on Wednesday, October 12th. TD Securities lifted their target price on Africa Oil Corp. from C$3.25 to C$3.50 and gave the stock a “speculative buy” rating in a research report on Monday, August 15th.

Africa Oil Corp. (TSE:AOI) opened at 1.89 on Tuesday. The stock’s market cap is $862.63 million. The stock has a 50 day moving average price of $2.09 and a 200 day moving average price of $1.98. Africa Oil Corp. has a 52-week low of $1.53 and a 52-week high of $2.36.

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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