Advantage Oil & Gas Ltd. (TSE:AAV) had its target price hoisted by Desjardins from C$10.00 to C$11.00 in a report released on Thursday. Desjardins’ price objective would suggest a potential upside of 14.46% from the company’s current price.

Several other equities analysts have also recently weighed in on AAV. Scotiabank restated an “outperform” rating and set a C$9.50 price objective on shares of Advantage Oil & Gas in a research note on Thursday, July 7th. TD Securities dropped their price objective on Advantage Oil & Gas from C$10.00 to C$9.50 and set an “action list buy” rating on the stock in a research note on Thursday, July 7th. Royal Bank Of Canada restated an “outperform” rating and set a C$9.00 price objective on shares of Advantage Oil & Gas in a research note on Friday, July 8th. BMO Capital Markets initiated coverage on Advantage Oil & Gas in a research note on Thursday, July 21st. They set an “outperform” rating and a C$10.50 price objective on the stock. Finally, FirstEnergy Capital raised their price objective on Advantage Oil & Gas from C$10.00 to C$10.25 and gave the company an “outperform” rating in a research note on Monday, August 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Advantage Oil & Gas presently has an average rating of “Buy” and a consensus target price of C$9.67.

Analyst Recommendations for Advantage Oil & Gas (TSE:AAV)

Advantage Oil & Gas (TSE:AAV) traded up 2.39% during mid-day trading on Thursday, hitting $9.84. The company had a trading volume of 1,150,502 shares. Advantage Oil & Gas has a 12 month low of $5.85 and a 12 month high of $10.01. The company has a 50-day moving average price of $9.12 and a 200 day moving average price of $7.96. The firm has a market capitalization of $1.82 billion and a P/E ratio of 393.60.

In related news, insider Donald Craig Blackwood sold 10,000 shares of Advantage Oil & Gas stock in a transaction dated Monday, August 8th. The stock was sold at an average price of C$8.86, for a total value of C$88,600.00.

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. It operates in the Montney resource play located in Western Canada.

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