Advantage Oil & Gas Ltd. (NYSE:AAV)‘s stock had its “outperform” rating reissued by analysts at RBC Capital Markets in a research note issued to investors on Saturday. They presently have a $12.00 target price on the stock. RBC Capital Markets’ target price points to a potential upside of 54.84% from the company’s previous close.

AAV has been the topic of several other reports. BMO Capital Markets started coverage on shares of Advantage Oil & Gas in a research report on Wednesday, July 20th. They issued an “outperform” rating and a $10.50 target price on the stock. TD Securities raised shares of Advantage Oil & Gas to a “buy” rating and raised their target price for the stock from $9.50 to $10.00 in a research report on Thursday, July 7th. Royal Bank Of Canada decreased their target price on shares of Advantage Oil & Gas from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Monday, August 8th. Scotiabank reissued an “outperform” rating and issued a $9.50 target price on shares of Advantage Oil & Gas in a research report on Thursday, July 7th. Finally, FirstEnergy Capital reissued an “outperform” rating and issued a $10.25 target price (up from $10.00) on shares of Advantage Oil & Gas in a research report on Wednesday, August 10th. Nine equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $9.89.

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

Shares of Advantage Oil & Gas (NYSE:AAV) traded up 4.17% during midday trading on Friday, reaching $7.75. 373,049 shares of the company traded hands. Advantage Oil & Gas has a 12 month low of $4.17 and a 12 month high of $7.82. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 407.89 and a beta of 1.53. The company’s 50 day moving average is $7.00 and its 200-day moving average is $6.16.

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

Hedge funds have recently bought and sold shares of the stock. Heathbridge Capital Management Ltd. purchased a new stake in Advantage Oil & Gas during the second quarter worth about $6,060,000. Renaissance Technologies LLC raised its stake 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 in the last quarter. TD Asset Management Inc. raised its stake in Advantage Oil & Gas by 5.2% in the second quarter. TD Asset Management Inc. now owns 3,290,076 shares of the company’s stock worth $18,291,000 after buying an additional 164,100 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in Advantage Oil & Gas during the second quarter worth about $4,425,000. Finally, I.G. Investment Management LTD. raised its stake in Advantage Oil & Gas by 5.9% in the second quarter. I.G. Investment Management LTD. now owns 5,701,088 shares of the company’s stock worth $31,863,000 after buying an additional 316,398 shares in the last quarter. Institutional investors 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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