Advantage Oil & Gas (TSE:AAV) (NYSE:AAV) had its target price reduced by analysts at Raymond James Financial from C$5.50 to C$5.25 in a report issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s target price indicates a potential upside of 40.75% from the company’s current price.
Several other analysts have also recently commented on AAV. CSFB decreased their target price on Advantage Oil & Gas from C$10.75 to C$10.25 in a report on Friday, November 3rd. BMO Capital Markets decreased their target price on Advantage Oil & Gas from C$8.00 to C$6.00 in a report on Tuesday, December 12th. National Bank Financial decreased their target price on Advantage Oil & Gas from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a report on Wednesday, December 13th. Royal Bank of Canada decreased their target price on Advantage Oil & Gas from C$9.00 to C$8.00 and set a “neutral” rating on the stock in a report on Wednesday, December 13th. Finally, CIBC decreased their target price on Advantage Oil & Gas from C$8.00 to C$6.50 in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$8.03.
Shares of Advantage Oil & Gas (AAV) traded down C$0.16 during mid-day trading on Tuesday, hitting C$3.73. The stock had a trading volume of 887,596 shares, compared to its average volume of 1,562,570. The company has a market capitalization of $723.39, a PE ratio of 10.97 and a beta of 0.28. Advantage Oil & Gas has a 12 month low of C$3.52 and a 12 month high of C$9.29.
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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