Africa Oil Corp. (OTCMKTS:AOIFF) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday, June 2nd.

Separately, Zacks Investment Research cut shares of Africa Oil Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $2.83.

Shares of Africa Oil Corp. (OTCMKTS:AOIFF) traded up 0.2733% on Friday, hitting $1.5041. Africa Oil Corp. has a 12-month low of $1.31 and a 12-month high of $2.14. The stock’s market capitalization is $686.80 million. The firm’s 50 day moving average is $1.55 and its 200-day moving average is $1.71.

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