Analysts Set Africa Oil Corp. (TSE:AOI) PT at $3.13

Shares of Africa Oil Corp. (TSE:AOI) have received an average recommendation of “Hold” from the seven brokerages that are presently covering the firm. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$3.13.

A number of brokerages have issued reports on AOI. Royal Bank Of Canada decreased their price objective on Africa Oil Corp. from C$3.00 to C$2.70 in a research report on Thursday, July 14th. Scotiabank restated a “sector perform” rating and set a C$3.00 price objective on shares of Africa Oil Corp. in a research report on Monday, August 15th. Finally, TD Securities upped 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 research report on Monday, August 15th.

Africa Oil Corp. (TSE:AOI) opened at 2.05 on Tuesday. Africa Oil Corp. has a 1-year low of $1.53 and a 1-year high of $2.45. The stock has a 50 day moving average price of $2.00 and a 200-day moving average price of $1.99. The stock’s market cap 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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