Advantage Oil & Gas (TSE:AAV) Given “Buy” Rating at Cormark


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Advantage Oil & Gas (TSE:AAV) (NYSE:AAV)‘s stock had its “buy” rating reissued by equities research analysts at Cormark in a report issued on Monday, Analyst Price Targets reports. They presently have a C$4.50 target price on the stock, up from their prior target price of C$4.00. Cormark’s price objective suggests a potential upside of 38.04% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Tudor Pickering increased their price target 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. BMO Capital Markets increased their price objective on shares of Advantage Oil & Gas from C$3.75 to C$4.25 and gave the company an “outperform” rating in a research report on Thursday, April 15th. National Bank Financial increased their target price on shares of Advantage Oil & Gas to C$4.25 and gave the company an “outperform” rating in a research report on Thursday, April 15th. Raymond James restated an “outperform” rating and issued a C$4.00 target price on shares of Advantage Oil & Gas in a research note on Wednesday, April 7th. Finally, Tudor Pickering & Holt raised 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. One investment 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.

Shares of TSE:AAV opened at C$3.26 on Monday. The stock has a 50 day moving average of C$2.92 and a 200 day moving average of C$2.35. Advantage Oil & Gas has a 12-month low of C$1.51 and a 12-month high of C$3.58. The company has a market cap of C$613.25 million and a PE ratio of -2.15. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 23.98.

Advantage Oil & Gas (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings data on Thursday, February 25th. The company reported C$0.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.09. The firm had revenue of C$69.93 million during the quarter. Equities research analysts predict that Advantage Oil & Gas will post 0.18 earnings per share for the current fiscal year.

In other Advantage Oil & Gas news, Senior Officer Neil Bokenfohr sold 50,000 shares of the stock in a transaction that occurred on Monday, April 12th. The stock was sold at an average price of C$2.96, for a total transaction of C$148,000.00. Following 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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