Analyst Activity – Scotiabank Reiterates Sector Perform on Africa Oil Corp (TSE:AOI)

Analyst Ratings For Africa Oil Corp (TSE:AOI)

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Today, Scotiabank reiterated its Sector Perform rating on Africa Oil Corp (TSE:AOI) with a price target of C$3.00.

There are 2 hold ratings, 1 buy rating on the stock.

The current consensus rating on Africa Oil Corp (TSE:AOI) is Hold (Score: 2.33) with a consensus target price of C$3.13 per share, a potential .

Some recent analyst ratings include

  • 2/28/2017-Scotiabank Reiterated Rating of Sector Perform.
  • 11/16/2016-TD Securities Reiterated Rating of Speculative Buy.

    About Africa Oil Corp (TSE:AOI)
    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. The Company has explored on multiple onshore exploration blocks in various geological settings in East Africa. It has made various oil discoveries in the South Lokichar Basin (Blocks 10BB and 13T) located in the Tertiary Rift trend in Kenya. The Company’s appraisal activities include extended well testing, appraisal drilling and engineering studies and sanctioning development of the oil fields in the South Lokichar Basin. Its blocks 10BA, 10BB, 12A, 13T, South Omo, and the Rift Basin Area are located in the East African Tertiary Rift trend. It has interests in Block 9, Block 10BB, Block 12A, Block 13T, Block 10BA, South Omo and Rift Basin Area.

    Recent Trading Activity for Africa Oil Corp (TSE:AOI)
    Shares of Africa Oil Corp closed the previous trading session at 2.45 up +0.04 1.66% with 24,202 shares trading hands.

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