Advantage Oil & Gas Ltd. (NYSE:AAV) was upgraded by equities researchers at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating in a report released on Friday. The brokerage currently has a $11.00 price target on the stock, up from their previous price target of $9.00. Credit Suisse Group AG’s target price would suggest a potential upside of 41.94% from the company’s previous close.

AAV has been the subject of several other reports. BMO Capital Markets started coverage on Advantage Oil & Gas in a research report on Wednesday, July 20th. They issued an “outperform” rating and a $10.50 price objective for the company. TD Securities raised Advantage Oil & Gas to a “buy” rating and lifted their price objective for the stock from $9.50 to $10.00 in a research report on Thursday, July 7th. Royal Bank Of Canada lowered their price objective on Advantage Oil & Gas from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Monday, August 8th. Scotiabank reissued an “outperform” rating and issued a $9.50 price objective on shares of Advantage Oil & Gas in a research report on Thursday, July 7th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $11.00 price objective (up from $9.00) on shares of Advantage Oil & Gas in a research report on Monday, August 8th. Nine investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $9.89.

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

Shares of Advantage Oil & Gas (NYSE:AAV) opened at 7.75 on Friday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 407.89 and a beta of 1.53. Advantage Oil & Gas has a 12-month low of $4.17 and a 12-month high of $7.82. The company’s 50-day moving average price is $7.00 and its 200 day moving average price is $6.16.

Advantage Oil & Gas (NYSE:AAV) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.20 earnings per share for the quarter. Advantage Oil & Gas had a negative return on equity of 2.13% and a negative net margin of 5.42%. Equities analysts predict that Advantage Oil & Gas will post $0.01 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its position in Advantage Oil & Gas by 9,080.0% in the second quarter. Tower Research Capital LLC TRC now owns 18,360 shares of the company’s stock worth $102,000 after buying an additional 18,160 shares during the period. Creative Planning increased its position in Advantage Oil & Gas by 2.8% in the second quarter. Creative Planning now owns 57,190 shares of the company’s stock worth $320,000 after buying an additional 1,583 shares during the period. Lombard Odier Asset Management USA Corp bought a new position in Advantage Oil & Gas during the second quarter worth about $612,000. Pembroke Management LTD increased its position in Advantage Oil & Gas by 23.3% in the second quarter. Pembroke Management LTD now owns 145,305 shares of the company’s stock worth $1,049,000 after buying an additional 27,500 shares during the period. Finally, Renaissance Technologies LLC increased its position in Advantage Oil & Gas by 501.7% in the first quarter. Renaissance Technologies LLC now owns 194,996 shares of the company’s stock worth $1,071,000 after buying an additional 162,586 shares during the period. Institutional investors and hedge funds own 57.02% of the company’s stock.

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

5 Day Chart for NYSE:AAV

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