Advantage Oil & Gas Ltd. (TSE:AAV) (NYSE:AAV) dropped 3.7% during trading on Wednesday . The stock traded as low as C$3.91 and last traded at C$3.92. Approximately 1,641,798 shares changed hands during trading, a decline of 4% from the average daily volume of 1,716,781 shares. The stock had previously closed at C$4.07.
AAV has been the topic of several analyst reports. National Bank Financial decreased their price target on Advantage Oil & Gas from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 13th. Royal Bank of Canada decreased their price target on Advantage Oil & Gas from C$9.00 to C$8.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 13th. CSFB decreased their price target on Advantage Oil & Gas from C$10.75 to C$10.25 in a research report on Friday, November 3rd. BMO Capital Markets decreased their price target on Advantage Oil & Gas from C$8.00 to C$6.00 in a research report on Tuesday, December 12th. Finally, CIBC decreased their price target on Advantage Oil & Gas from C$8.00 to C$6.50 in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Advantage Oil & Gas has an average rating of “Buy” and a consensus target price of C$9.06.
The firm has a market cap of $786.62, a PE ratio of 11.62 and a beta of 0.47.
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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. The Company focuses on the development of Montney resource play at Glacier, Alberta in Western Canada.
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