Advantage Oil & Gas Ltd. (TSE:AAV) – Equities research analysts at Cormark reduced their FY2016 earnings per share estimates for Advantage Oil & Gas in a research report issued on Friday. Cormark analyst G. Ursu now expects that the firm will post earnings per share of $0.03 for the year, down from their prior estimate of $0.06.

A number of other equities research analysts also recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of Advantage Oil & Gas from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Thursday, October 13th. BMO Capital Markets initiated coverage on shares of Advantage Oil & Gas in a report on Thursday, July 21st. They issued an “outperform” rating and a C$10.50 price target for the company. TD Securities reissued a “buy” rating and issued a C$10.00 price target on shares of Advantage Oil & Gas in a report on Thursday, July 21st. Desjardins upped their price target on shares of Advantage Oil & Gas from C$10.00 to C$11.00 in a report on Thursday, October 13th. Finally, Scotiabank reissued an “outperform” rating and issued a C$10.00 price target on shares of Advantage Oil & Gas in a report on Friday, August 5th. Nine investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of C$10.40.

Earnings History and Estimates for Advantage Oil & Gas (TSE:AAV)

Shares of Advantage Oil & Gas (TSE:AAV) opened at 10.11 on Monday. The firm has a market capitalization of $1.87 billion and a PE ratio of 404.40. Advantage Oil & Gas has a 52-week low of $5.85 and a 52-week high of $10.33. The company has a 50 day moving average of $9.20 and a 200 day moving average of $8.03.

In other news, insider Donald Craig Blackwood sold 10,000 shares of the company’s 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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