FY2018 EPS Estimates for Advantage Oil & Gas Ltd Boosted by Analyst (AAV)

Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) – Equities research analysts at Cormark upped their FY2018 earnings per share estimates for Advantage Oil & Gas in a note issued to investors on Tuesday. Cormark analyst G. Ursu now forecasts that the oil and gas company will earn $0.26 per share for the year, up from their previous estimate of $0.22. Cormark also issued estimates for Advantage Oil & Gas’ FY2019 earnings at $0.30 EPS.

AAV has been the topic of several other research reports. Royal Bank of Canada reiterated a “hold” rating and issued a $11.00 price objective on shares of Advantage Oil & Gas in a research note on Monday, September 25th. BidaskClub upgraded Advantage Oil & Gas from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Scotiabank restated a “buy” rating and set a $11.50 target price on shares of Advantage Oil & Gas in a research report on Tuesday, October 10th. BMO Capital Markets downgraded Advantage Oil & Gas from an “outperform” rating to a “market perform” rating and set a $8.00 target price on the stock. in a research report on Tuesday, October 10th. Finally, TheStreet downgraded Advantage Oil & Gas from a “b-” rating to a “c+” rating in a research report on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.44.

Shares of Advantage Oil & Gas (NYSE AAV) traded down $0.10 during midday trading on Thursday, hitting $3.95. The stock had a trading volume of 272,800 shares, compared to its average volume of 111,299. Advantage Oil & Gas has a 12-month low of $3.90 and a 12-month high of $7.35. The stock has a market cap of $743.09, a P/E ratio of 25.31 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.78 and a quick ratio of 0.78.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC boosted its position in Advantage Oil & Gas by 22.8% during the second quarter. Citadel Advisors LLC now owns 16,197 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 3,008 shares during the period. Legal & General Group Plc boosted its holdings in shares of Advantage Oil & Gas by 4.0% during the second quarter. Legal & General Group Plc now owns 31,034 shares of the oil and gas company’s stock worth $210,000 after purchasing an additional 1,188 shares during the period. Shell Asset Management Co. boosted its holdings in shares of Advantage Oil & Gas by 104.6% during the third quarter. Shell Asset Management Co. now owns 39,214 shares of the oil and gas company’s stock worth $223,000 after purchasing an additional 20,050 shares during the period. Highstreet Asset Management Inc. purchased a new stake in shares of Advantage Oil & Gas during the second quarter worth about $224,000. Finally, Ingalls & Snyder LLC boosted its holdings in shares of Advantage Oil & Gas by 57.9% during the third quarter. Ingalls & Snyder LLC now owns 43,650 shares of the oil and gas company’s stock worth $275,000 after purchasing an additional 16,000 shares during the period. 54.82% of the stock is currently owned by institutional investors and hedge funds.

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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. The Company focuses on the development of Montney resource play at Glacier, Alberta in Western Canada.

Earnings History and Estimates for Advantage Oil & Gas (NYSE:AAV)

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