Advantage Oil & Gas (AAV) Shares Down 6.5%

Advantage Oil & Gas Ltd. (TSE:AAV) (NYSE:AAV) shares dropped 6.5% on Thursday . The stock traded as low as C$3.73 and last traded at C$3.73. Approximately 965,200 shares traded hands during trading, a decline of 40% from the average daily volume of 1,615,576 shares. The stock had previously closed at C$3.99.

AAV has been the topic of several research analyst reports. CSFB dropped their target price on Advantage Oil & Gas from C$10.75 to C$10.25 in a research note on Friday, November 3rd. BMO Capital Markets dropped their target price on Advantage Oil & Gas from C$8.00 to C$6.00 in a research note on Tuesday, December 12th. National Bank Financial dropped 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 research note on Wednesday, December 13th. Royal Bank of Canada dropped 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 research note on Wednesday, December 13th. Finally, CIBC dropped their target price on Advantage Oil & Gas from C$8.00 to C$6.50 in a research note on Tuesday, January 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$8.19.

The stock has a market cap of $695.50, a P/E ratio of 11.00 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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