Africa Oil Corp. Receives Consensus Rating of “Hold” from Analysts (CVE:AOI)
Africa Oil Corp. (CVE:AOI) has been given an average rating of “Hold” by the thirteen analysts that are covering the stock, StockRatingsNetwork reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$12.47.
A number of analysts have recently weighed in on AOI shares. Analysts at CSFB cut their price target on shares of Africa Oil Corp. from C$11.50 to C$11.00 in a research note on Tuesday, May 27th. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Africa Oil Corp. from C$11.50 to C$11.00 in a research note on Tuesday, May 27th. Finally, analysts at TD Securities cut their price target on shares of Africa Oil Corp. from C$14.00 to C$13.50 in a research note on Thursday, May 15th. They now have a “speculative buy” rating on the stock.
Africa Oil Corp. (CVE:AOI) traded down 1.58% during mid-day trading on Friday, hitting $7.46. The stock had a trading volume of 21,310 shares. Africa Oil Corp. has a 52-week low of $6.56 and a 52-week high of $10.61. The stock’s 50-day moving average is $8. and its 200-day moving average is $8.4. The company’s market cap is $2.317 billion.
Africa Oil Corp. (CVE:AOI) last issued its quarterly earnings data on Friday, March 28th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.06.
Africa Oil Corp. (CVE:AOI) is a Canada-based international oil and gas exploration and development company.
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