Advantage Oil & Gas (TSE:AAV) Stock Rating Reaffirmed by Cormark


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Advantage Oil & Gas (TSE:AAV) (NYSE:AAV)‘s stock had its “buy” rating reissued by equities researchers at Cormark in a note issued to investors on Monday, Price Targets.com reports. They presently have a C$4.50 price objective on the stock, up from their previous price objective of C$4.00. Cormark’s target price would indicate a potential upside of 38.04% from the stock’s current price.

AAV has been the subject of a number of other reports. National Bank Financial boosted their price objective on Advantage Oil & Gas to C$4.25 and gave the company an “outperform” rating in a research note on Thursday, April 15th. Raymond James reiterated an “outperform” rating and issued a C$4.00 price objective on shares of Advantage Oil & Gas in a research report on Wednesday, April 7th. Royal Bank of Canada reissued a “sector perform” rating and set a C$3.50 target price on shares of Advantage Oil & Gas in a research note on Friday, April 30th. Tudor Pickering & Holt upped their price objective on shares of Advantage Oil & Gas from C$3.50 to C$4.00 and gave the company a “buy” rating in a research note on Friday, April 30th. Finally, TD Securities upped their price objective on shares of Advantage Oil & Gas from C$3.75 to C$4.00 and gave the company a “buy” rating in a research note on Friday, April 30th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Advantage Oil & Gas presently has an average rating of “Buy” and a consensus target price of C$4.23.

TSE AAV opened at C$3.26 on Monday. The firm has a market cap of C$613.25 million and a price-to-earnings ratio of -2.15. The company has a fifty day moving average price of C$2.92 and a 200-day moving average price of C$2.35. The company has a debt-to-equity ratio of 23.98, a current ratio of 0.71 and a quick ratio of 0.56. Advantage Oil & Gas has a 1 year low of C$1.51 and a 1 year high of C$3.58.

Advantage Oil & Gas (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings results on Thursday, February 25th. The company reported C$0.12 EPS for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.09. The business had revenue of C$69.93 million for the quarter. On average, research analysts anticipate that Advantage Oil & Gas will post 0.18 EPS for the current fiscal year.

In other Advantage Oil & Gas news, Senior Officer Neil Bokenfohr sold 50,000 shares of Advantage Oil & Gas stock in a transaction dated Monday, April 12th. The shares were sold at an average price of C$2.96, for a total transaction of C$148,000.00. Following the completion of the transaction, the insider now owns 1,350,155 shares in the company, valued at C$3,996,458.80.

About Advantage Oil & Gas

Advantage Oil & Gas Ltd., together with its subsidiaries, acquires, exploits, develops, and produces crude oil, and natural gas and liquids in the Province of Alberta, Canada. The company focuses on the development and production of its Montney natural gas and liquids resource that includes 216 net sections of land in Glacier, Pipestone/Wembley, Progress, and Valhalla, Alberta.

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Analyst Recommendations for Advantage Oil & Gas (TSE:AAV)

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