Zacks Investment Research downgraded shares of Advantage Oil & Gas (NYSE:AAV) (TSE:AAV) from a hold rating to a strong sell rating in a research report report published on Thursday morning.
According to Zacks, “Advantage Oil and Gas Ltd., formerly Advantage Energy Income Fund, is an intermediate oil and natural gas corporation, engaged in the exploration and development of oil and natural gas properties in Alberta and Saskatchewan in Canada. It focuses on developing the Montney natural gas resource play located at Glacier, Alberta. The Company’s properties are located in Alberta and Saskatchewan, and consist of liquids rich natural gas and light oil. The Company’s head office is located in Calgary, Alberta, Canada. “
Separately, Tudor Pickering raised Advantage Oil & Gas from a hold rating to a buy rating in a report on Monday, March 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Advantage Oil & Gas presently has a consensus rating of Hold and a consensus price target of $9.44.
Shares of Advantage Oil & Gas stock traded down $0.03 on Thursday, reaching $3.32. 57,978 shares of the stock were exchanged, compared to its average volume of 379,543. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.16. Advantage Oil & Gas has a twelve month low of $2.70 and a twelve month high of $7.35. The company has a market capitalization of $641.70, a price-to-earnings ratio of 21.56 and a beta of 0.64.
Advantage Oil & Gas (NYSE:AAV) (TSE:AAV) last announced its quarterly earnings results on Monday, March 5th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.04. Advantage Oil & Gas had a return on equity of 2.98% and a net margin of 39.22%. The company had revenue of $51.80 million during the quarter, compared to the consensus estimate of $53.33 million. research analysts anticipate that Advantage Oil & Gas will post 0.17 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in AAV. Two Sigma Investments LP lifted its holdings in Advantage Oil & Gas by 338.3% in the fourth quarter. Two Sigma Investments LP now owns 75,170 shares of the oil and gas company’s stock valued at $323,000 after acquiring an additional 58,021 shares during the period. Citadel Advisors LLC raised its stake in shares of Advantage Oil & Gas by 242.5% during the 3rd quarter. Citadel Advisors LLC now owns 55,470 shares of the oil and gas company’s stock worth $349,000 after buying an additional 39,273 shares during the period. Jane Street Group LLC acquired a new position in shares of Advantage Oil & Gas during the 3rd quarter worth approximately $445,000. Janney Montgomery Scott LLC raised its stake in shares of Advantage Oil & Gas by 80.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 72,940 shares of the oil and gas company’s stock worth $460,000 after buying an additional 32,500 shares during the period. Finally, Raffles Associates LP raised its stake in shares of Advantage Oil & Gas by 251.5% during the 4th quarter. Raffles Associates LP now owns 209,636 shares of the oil and gas company’s stock worth $901,000 after buying an additional 150,000 shares during the period. 62.04% of the stock is owned by institutional investors.
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Advantage Oil & Gas Company Profile
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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