CSFB Trims Advantage Oil & Gas Ltd. (AAV) Target Price to C$9.00
Advantage Oil & Gas Ltd. (TSE:AAV) had its target price dropped by equities researchers at CSFB from C$11.00 to C$9.00 in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the stock. CSFB’s price objective would suggest a potential downside of 11.59% from the stock’s previous close.
Several other research analysts have also recently weighed in on the company. Royal Bank Of Canada reduced their price target on Advantage Oil & Gas from C$11.00 to C$9.00 and set an “outperform” rating for the company in a research report on Tuesday, August 9th. TD Securities dropped their price objective on Advantage Oil & Gas from C$10.00 to C$9.50 and set an “action list buy” rating on the stock in a report on Thursday, July 7th. RBC Capital Markets raised their price objective on Advantage Oil & Gas from C$9.00 to C$11.00 and gave the company an “outperform” rating in a report on Monday, August 8th. Scotiabank reissued an “outperform” rating and issued a C$10.00 price objective on shares of Advantage Oil & Gas in a report on Friday, August 5th. Finally, Raymond James Financial Inc. raised their price objective on Advantage Oil & Gas from C$11.00 to C$12.75 in a report on Friday. Nine research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of C$10.40.
Advantage Oil & Gas (TSE:AAV) traded down 0.442% during mid-day trading on Friday, reaching $10.135. The company had a trading volume of 219,843 shares. Advantage Oil & Gas has a 52 week low of $5.85 and a 52 week high of $10.33. The stock has a 50 day moving average of $9.17 and a 200 day moving average of $8.00. The stock has a market capitalization of $1.87 billion and a price-to-earnings ratio of 405.400.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/14/advantage-oil-gas-ltd-aav-upgraded-by-csfb-to-outperform.html
In other news, insider Donald Craig Blackwood sold 10,000 shares of Advantage Oil & Gas 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.
Receive News & Ratings for Advantage Oil & Gas Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advantage Oil & Gas Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.