Royal Bank Of Canada Raises Advantage Oil & Gas Ltd. (AAV) Price Target to C$12.00
Advantage Oil & Gas Ltd. (TSE:AAV) had its price target lifted by Royal Bank Of Canada from C$11.00 to C$12.00 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s target price would indicate a potential upside of 22.08% from the company’s previous close.
A number of other equities research analysts also recently weighed in on AAV. Desjardins set a C$10.00 price objective on shares of Advantage Oil & Gas in a research report on Tuesday, June 28th. Scotiabank reaffirmed an “outperform” rating and set a C$9.50 price objective on shares of Advantage Oil & Gas in a research report on Thursday, July 7th. TD Securities lowered their price objective on shares of Advantage Oil & Gas from C$10.00 to C$9.50 and set an “action list buy” rating for the company in a research report on Thursday, July 7th. BMO Capital Markets began coverage on shares of Advantage Oil & Gas in a research report on Thursday, July 21st. They set an “outperform” rating and a C$10.50 price objective for the company. Finally, FirstEnergy Capital upped 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 research report on Monday, August 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Advantage Oil & Gas has a consensus rating of “Buy” and a consensus target price of C$9.90.
Shares of Advantage Oil & Gas (TSE:AAV) traded up 2.29% on Thursday, hitting $9.83. 2,043,609 shares of the stock were exchanged. The firm’s 50-day moving average is $9.12 and its 200-day moving average is $7.96. Advantage Oil & Gas has a one year low of $5.85 and a one year high of $10.01. The company has a market cap of $1.81 billion and a P/E ratio of 393.20.
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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 shares were sold at an average price of C$8.86, for a total value 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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