Advantage Oil & Gas Ltd. (TSE:AAV) (NYSE:AAV) was downgraded by equities researchers at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research note issued on Thursday, July 20th. They presently have a C$11.00 price target on the stock, down from their prior price target of C$12.00. Royal Bank Of Canada’s price target indicates a potential upside of 37.33% from the company’s previous close.
Several other research analysts have also recently commented on the stock. Raymond James Financial, Inc. upped their target price on shares of Advantage Oil & Gas from C$11.75 to C$12.50 and gave the stock an “outperform” rating in a research report on Monday, May 15th. BMO Capital Markets reiterated an “outperform” rating and issued a C$10.25 price objective on shares of Advantage Oil & Gas in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$11.41.
Shares of Advantage Oil & Gas (TSE AAV) traded up 0.25% during midday trading on Thursday, reaching $8.03. 251,868 shares of the company were exchanged. Advantage Oil & Gas has a 52-week low of $7.64 and a 52-week high of $10.33. The company’s 50-day moving average price is $8.60 and its 200 day moving average price is $8.49. The stock has a market capitalization of $1.49 billion and a price-to-earnings ratio of 25.65.
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In related news, insider Donald Craig Blackwood sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 4th. The shares were sold at an average price of C$8.78, for a total transaction of C$87,800.00. Also, insider Andy Mah sold 12,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of C$8.84, for a total transaction of C$106,080.00. Insiders sold 32,000 shares of company stock valued at $278,880 over the last quarter.
About Advantage Oil & Gas
Advantage Oil & Gas Ltd., together with its subsidiaries, acquires, exploits, develops, and produces natural gas in the province of Alberta, Canada. The company primarily focuses on the development and delineation of its Montney natural gas and liquids resource that includes 157 net sections of land in Glacier, Alberta.
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