Royal Bank of Canada Trims Advantage Oil & Gas (AAV) Target Price to C$8.00
Advantage Oil & Gas (TSE:AAV) (NYSE:AAV) had its target price lowered by analysts at Royal Bank of Canada from C$9.00 to C$8.00 in a report released on Wednesday. The brokerage presently has a “neutral” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 55.04% from the company’s current price.
Other equities research analysts also recently issued reports about the company. National Bank Financial cut their target price on Advantage Oil & Gas from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research report on Wednesday. BMO Capital Markets cut their target price on Advantage Oil & Gas from C$8.00 to C$6.00 in a research report on Tuesday. Finally, CSFB cut their target price on Advantage Oil & Gas from C$10.75 to C$10.25 in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$9.92.
Shares of Advantage Oil & Gas (AAV) traded down C$0.01 during mid-day trading on Wednesday, reaching C$5.16. The company had a trading volume of 2,516,201 shares, compared to its average volume of 590,721. Advantage Oil & Gas has a 1-year low of C$5.03 and a 1-year high of C$9.46.
In other news, insider Andy Mah sold 15,000 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of C$8.01, for a total value of C$120,150.00. Also, insider Donald Craig Blackwood sold 4,600 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of C$8.17, for a total value of C$37,582.00. Insiders have sold a total of 29,600 shares of company stock valued at $240,232 in the last quarter.
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Advantage Oil & Gas Company Profile
Advantage Oil & Gas Ltd. is an intermediate natural gas and liquids development and production company. The Company is engaged in the business of natural gas exploitation, development, acquisition and production in the Province of Alberta. The Company focuses on the development of Montney resource play at Glacier, Alberta in Western Canada.
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