Brokerages Set Advantage Oil & Gas Ltd (AAV) Price Target at $10.17

Shares of Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) have been given an average rating of “Hold” by the six brokerages that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $10.17.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “hold” rating and issued a $11.00 target price on shares of Advantage Oil & Gas in a research report on Monday, September 25th. Scotiabank reaffirmed a “buy” rating and issued a $11.50 target price on shares of Advantage Oil & Gas in a research report on Tuesday, October 10th. BMO Capital Markets downgraded shares of Advantage Oil & Gas from an “outperform” rating to a “market perform” rating and set a $8.00 target price for the company. in a research report on Tuesday, October 10th. TheStreet downgraded shares of Advantage Oil & Gas from a “b-” rating to a “c+” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research downgraded shares of Advantage Oil & Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th.

Shares of Advantage Oil & Gas (NYSE:AAV) traded down $0.05 during trading hours on Friday, hitting $4.15. 202,020 shares of the company were exchanged, compared to its average volume of 119,014. Advantage Oil & Gas has a fifty-two week low of $3.75 and a fifty-two week high of $7.35. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $786.89, a price-to-earnings ratio of 15.37 and a beta of 0.86.

A number of institutional investors have recently added to or reduced their stakes in AAV. Bank of America Corp DE grew its position in shares of Advantage Oil & Gas by 10.5% in the 1st quarter. Bank of America Corp DE now owns 43,277 shares of the oil and gas company’s stock valued at $286,000 after acquiring an additional 4,125 shares during the period. Legal & General Group Plc grew its position in shares of Advantage Oil & Gas by 4.0% in the 2nd quarter. Legal & General Group Plc now owns 31,034 shares of the oil and gas company’s stock valued at $210,000 after acquiring an additional 1,188 shares during the period. JPMorgan Chase & Co. grew its position in shares of Advantage Oil & Gas by 155.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,130,075 shares of the oil and gas company’s stock valued at $7,628,000 after acquiring an additional 688,196 shares during the period. CIBC World Markets Inc. boosted its holdings in shares of Advantage Oil & Gas by 6.5% during the 2nd quarter. CIBC World Markets Inc. now owns 1,886,638 shares of the oil and gas company’s stock worth $12,735,000 after buying an additional 115,593 shares during the period. Finally, AJO LP bought a new stake in shares of Advantage Oil & Gas during the 2nd quarter worth about $1,951,000. 54.82% of the stock is 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.

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