Advantage Oil & Gas Ltd. to Post FY2017 Earnings of $0.45 Per Share, Cormark Forecasts (AAV)

Advantage Oil & Gas Ltd. (TSE:AAV) (NYSE:AAV) – Research analysts at Cormark lowered their FY2017 earnings estimates for shares of Advantage Oil & Gas in a report released on Tuesday. Cormark analyst G. Ursu now forecasts that the company will post earnings per share of $0.45 for the year, down from their prior estimate of $0.48. Cormark also issued estimates for Advantage Oil & Gas’ Q4 2017 earnings at $0.05 EPS, Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.00 EPS, Q4 2018 earnings at $0.07 EPS, FY2018 earnings at $0.17 EPS and FY2019 earnings at $0.18 EPS.

Other analysts have also recently issued reports about the stock. BMO Capital Markets reduced their price objective on shares of Advantage Oil & Gas from C$5.75 to C$5.00 in a research note on Tuesday. Raymond James Financial reduced their price objective on shares of Advantage Oil & Gas from C$6.75 to C$5.50 in a research note on Monday, February 5th. CIBC reduced their price objective on shares of Advantage Oil & Gas from C$8.00 to C$6.50 in a research note on Tuesday, January 23rd. CSFB reduced their price objective on shares of Advantage Oil & Gas from C$10.75 to C$10.25 in a research note on Friday, November 3rd. Finally, Royal Bank of Canada reduced their price objective on shares of Advantage Oil & Gas from C$9.00 to C$8.00 and set a “neutral” rating for the company in a research note on Wednesday, December 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$8.03.

Shares of Advantage Oil & Gas (AAV) opened at C$3.67 on Thursday. Advantage Oil & Gas has a one year low of C$3.52 and a one year high of C$9.29. The firm has a market cap of $682.48, a price-to-earnings ratio of 10.79 and a beta of 0.28.

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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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