BMO Capital Maintains a Buy Rating on Africa Oil (AOIFF)

BMO Capital analyst Mike Murphy CFA maintained a Buy rating on Africa Oil (AOIFFResearch Report) today and set a price target of $3.25. The company’s shares closed last Wednesday at $1.89.

According to, CFA is a 5-star analyst with an average return of 25.9% and a 74.5% success rate. CFA covers the Utilities sector, focusing on stocks such as Gran Tierra Energy, Advantage Energy, and Parex Resources.

Currently, the analyst consensus on Africa Oil is a Moderate Buy with an average price target of $2.51.

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The company has a one-year high of $2.31 and a one-year low of $0.90. Currently, Africa Oil has an average volume of 183.5K.

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Africa Oil Corp. engages in the exploration of oil and gas properties. The company focuses on the operation of East African Rift Basin system. It operates through the following geographical segments: Kenya, Ethiopia, and Corporate. The company was founded on March 29, 1983 and is headquartered in Vancouver, Canada.

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