Equities Analysts Set Expectations for Advantage Oil & Gas Ltd’s FY2017 Earnings (AAV)

Advantage Oil & Gas Ltd (NYSE:AAV) (TSE: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 anticipates that the oil and gas company will post earnings of $0.36 per share for the year, down from their prior estimate of $0.37. Cormark also issued estimates for Advantage Oil & Gas’ Q4 2017 earnings at $0.04 EPS, Q1 2018 earnings at $0.07 EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.00 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.13 EPS and FY2019 earnings at $0.14 EPS.

Separately, Zacks Investment Research downgraded Advantage Oil & Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Advantage Oil & Gas currently has an average rating of “Hold” and an average price target of $9.44.

Shares of Advantage Oil & Gas (NYSE:AAV) opened at $2.90 on Thursday. The stock has a market capitalization of $557.89, a price-to-earnings ratio of 18.75 and a beta of 0.69. Advantage Oil & Gas has a 52-week low of $2.75 and a 52-week high of $7.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.78 and a quick ratio of 0.78.

Several large investors have recently added to or reduced their stakes in AAV. Shell Asset Management Co. lifted its position 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 last quarter. Ingalls & Snyder LLC lifted its position 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 last quarter. Two Sigma Investments LP lifted its position in shares of Advantage Oil & Gas by 338.3% during the fourth quarter. Two Sigma Investments LP now owns 75,170 shares of the oil and gas company’s stock worth $323,000 after purchasing an additional 58,021 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of Advantage Oil & Gas by 242.5% during the third quarter. Citadel Advisors LLC now owns 55,470 shares of the oil and gas company’s stock worth $349,000 after purchasing an additional 39,273 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Advantage Oil & Gas by 11.8% during the second quarter. UBS Asset Management Americas Inc. now owns 64,500 shares of the oil and gas company’s stock worth $436,000 after purchasing an additional 6,800 shares during the last quarter. Institutional investors and hedge funds own 53.96% of the company’s stock.

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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.

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