CSFB Trims Advantage Oil & Gas Ltd. (AAV) Target Price to C$10.25
Advantage Oil & Gas Ltd. (TSE:AAV) (NYSE:AAV) had its price target reduced by research analysts at CSFB from C$10.75 to C$10.25 in a research report issued to clients and investors on Friday. CSFB’s price target would indicate a potential upside of 41.97% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada downgraded shares of Advantage Oil & Gas from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$12.00 to C$11.00 in a research note on Thursday, July 20th. BMO Capital Markets reiterated a “market perform” rating and issued a C$8.00 price target on shares of Advantage Oil & Gas in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$10.78.
Shares of Advantage Oil & Gas (AAV) traded down C$0.01 during trading on Friday, reaching C$7.22. 468,050 shares of the company were exchanged, compared to its average volume of 536,611. Advantage Oil & Gas has a one year low of C$6.57 and a one year high of C$10.10.
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In other Advantage Oil & Gas news, insider Andy Mah sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of C$8.01, for a total transaction of C$120,150.00. Also, insider Donald Craig Blackwood sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of C$8.25, for a total transaction of C$82,500.00. In the last three months, insiders have sold 29,600 shares of company stock worth $240,232.
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. The Company focuses on the development of Montney resource play at Glacier, Alberta in Western Canada.
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