Advantage Oil & Gas Ltd. (AAV) Price Target Raised to C$11.00
Advantage Oil & Gas Ltd. (TSE:AAV) had its target price raised by analysts at Desjardins from C$10.00 to C$11.00 in a report issued on Thursday. Desjardins’ target price indicates a potential upside of 14.46% from the stock’s current price.
Several other brokerages have also weighed in on AAV. TD Securities cut their price target on Advantage Oil & Gas from C$10.00 to C$9.50 and set an “action list buy” rating for the company in a research note on Thursday, July 7th. RBC Capital Markets lifted their price target on Advantage Oil & Gas from C$9.00 to C$11.00 and gave the company an “outperform” rating in a research note on Monday, August 8th. Scotiabank restated an “outperform” rating and issued a C$9.50 price target on shares of Advantage Oil & Gas in a research note on Thursday, July 7th. BMO Capital Markets started coverage on Advantage Oil & Gas in a research note on Thursday, July 21st. They set an “outperform” rating and a C$10.50 price objective for the company. Finally, Royal Bank Of Canada cut their price objective on Advantage Oil & Gas from C$11.00 to C$9.00 and set an “outperform” rating for the company in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Advantage Oil & Gas has a consensus rating of “Buy” and a consensus price target of C$9.67.
Shares of Advantage Oil & Gas (TSE:AAV) traded up 2.39% during midday trading on Thursday, reaching $9.84. The company had a trading volume of 1,150,502 shares. Advantage Oil & Gas has a 1-year low of $5.85 and a 1-year high of $10.01. The company’s 50-day moving average is $9.12 and its 200-day moving average is $7.96. The stock has a market capitalization of $1.82 billion and a PE ratio of 393.60.
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In other news, insider Donald Craig Blackwood sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of C$8.86, for a total value of C$88,600.00.
About Advantage Oil & Gas
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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