Advantage Oil & Gas Ltd. (AAV) Price Target Raised to C$11.00 at Desjardins
Advantage Oil & Gas Ltd. (TSE:AAV) had its price target lifted by analysts at Desjardins from C$10.00 to C$11.00 in a report issued on Thursday. Desjardins’ price target would suggest a potential upside of 11.90% from the company’s previous close.
A number of other brokerages have also recently commented on AAV. RBC Capital Markets increased their price target on shares of Advantage Oil & Gas from C$11.00 to C$12.00 in a research report on Thursday. Royal Bank Of Canada cut their target price on shares of Advantage Oil & Gas from C$11.00 to C$9.00 and set an “outperform” rating on the stock in a report on Tuesday, August 9th. FirstEnergy Capital raised their target price on shares of Advantage Oil & Gas from C$10.00 to C$10.25 and gave the stock an “outperform” rating in a report on Monday, August 8th. Scotiabank restated an “outperform” rating and issued a C$10.00 target price on shares of Advantage Oil & Gas in a report on Friday, August 5th. Finally, TD Securities restated a “buy” rating and issued a C$10.00 target price on shares of Advantage Oil & Gas in a report on Friday, August 5th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$9.90.
Shares of Advantage Oil & Gas (TSE:AAV) traded up 2.29% during mid-day trading on Thursday, reaching $9.83. 2,043,609 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.81 billion and a P/E ratio of 393.20. The stock has a 50-day moving average of $9.12 and a 200 day moving average of $7.96. Advantage Oil & Gas has a one year low of $5.85 and a one year high of $10.01.
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In other Advantage Oil & Gas news, insider Donald Craig Blackwood sold 10,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of C$8.86, for a total transaction of C$88,600.00.
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. It operates in the Montney resource play located in Western Canada.
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