Advantage Oil & Gas (TSE:AAV) (NYSE:AAV) was downgraded by research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report issued on Tuesday, August 7th. They presently have a C$5.00 target price on the stock. Raymond James’ target price indicates a potential upside of 28.87% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on AAV. Eight Capital lowered their price target on Advantage Oil & Gas from C$6.15 to C$6.00 in a report on Friday, April 20th. National Bank Financial lowered their price target on Advantage Oil & Gas from C$5.50 to C$5.00 and set an “outperform” rating for the company in a report on Friday, April 20th. Desjardins lowered their price target on Advantage Oil & Gas to C$7.50 in a report on Monday, May 7th. Finally, CIBC lowered their target price on Advantage Oil & Gas from C$5.50 to C$5.25 in a report on Friday, July 20th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$6.28.
Shares of AAV traded down C$0.09 during midday trading on Tuesday, reaching C$3.88. The company had a trading volume of 1,107,338 shares, compared to its average volume of 1,271,778. Advantage Oil & Gas has a 1-year low of C$3.48 and a 1-year high of C$8.26.
Advantage Oil & Gas Ltd., together with its subsidiaries, acquires, exploits, develops, and produces natural gas in the Province of Alberta, Canada. The company primarily focuses on the development and delineation of its Montney natural gas and liquids resource that includes 200 net sections of land in Glacier, Alberta.
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