Advantage Oil & Gas Ltd. (TSE:AAV) (NYSE:AAV)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.94 and traded as high as $2.26. Advantage Oil & Gas shares last traded at $2.21, with a volume of 622,463 shares traded.
AAV has been the subject of a number of research analyst reports. TD Securities upgraded shares of Advantage Oil & Gas from a “buy” rating to an “action list buy” rating and set a C$5.00 price objective for the company in a research report on Wednesday, May 22nd. CIBC decreased their price target on shares of Advantage Oil & Gas from C$3.50 to C$2.50 in a research report on Thursday, July 18th. National Bank Financial decreased their price objective on shares of Advantage Oil & Gas from C$4.00 to C$3.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. GMP Securities increased their price objective on shares of Advantage Oil & Gas from C$4.00 to C$4.35 in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada cut their target price on shares of Advantage Oil & Gas from C$2.75 to C$2.50 in a research note on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$3.61.
The business’s 50-day moving average price is C$1.69 and its 200 day moving average price is C$1.94. The company has a quick ratio of 0.95, a current ratio of 1.73 and a debt-to-equity ratio of 20.36. The company has a market capitalization of $403.73 million and a P/E ratio of 20.09.
Advantage Oil & Gas (TSE:AAV) (NYSE:AAV) last announced its earnings results on Thursday, August 1st. The company reported C$0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.02. The company had revenue of C$49.31 million for the quarter. Analysts anticipate that Advantage Oil & Gas Ltd. will post 0.15 EPS for the current fiscal year.
About Advantage Oil & Gas (TSE:AAV)
Advantage Oil & Gas Ltd., together with its subsidiaries, acquires, exploits, develops, and produces natural gas and liquids in the Province of Alberta, Canada. The company focuses on the development and production of its Montney natural gas and liquids resource that includes 200 net sections of land in Glacier, Wembley, and Valhalla, Alberta.
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