Advantage Oil & Gas (AAV) Earns Buy Rating from Desjardins

Advantage Oil & Gas (NYSE:AAV) (TSE:AAV)‘s stock had its “buy” rating reaffirmed by equities research analysts at Desjardins in a report issued on Monday. They presently have a $5.25 price objective on the oil and gas company’s stock. Desjardins’ target price points to a potential upside of 110.00% from the stock’s previous close.

AAV has been the topic of several other research reports. Zacks Investment Research lowered Advantage Oil & Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. Raymond James lowered Advantage Oil & Gas from an “outperform” rating to a “market perform” rating in a research report on Friday, August 3rd.

Shares of AAV remained flat at $$2.50 during midday trading on Monday. Advantage Oil & Gas has a twelve month low of $2.37 and a twelve month high of $6.70.

Advantage Oil & Gas (NYSE:AAV) (TSE:AAV) last issued its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.02). The firm had revenue of $33.82 million during the quarter, compared to the consensus estimate of $49.14 million.

Hedge funds have recently modified their holdings of the stock. WESPAC Advisors SoCal LLC bought a new stake in shares of Advantage Oil & Gas in the 2nd quarter worth about $157,000. Marquette Asset Management LLC bought a new position in Advantage Oil & Gas in the 2nd quarter worth about $174,000. Intact Investment Management Inc. bought a new position in Advantage Oil & Gas in the 2nd quarter worth about $309,000. Raffles Associates LP grew its stake in Advantage Oil & Gas by 23.9% in the 2nd quarter. Raffles Associates LP now owns 259,636 shares of the oil and gas company’s stock worth $805,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Warlander Asset Management LP bought a new position in Advantage Oil & Gas in the 2nd quarter worth about $2,309,000. Institutional investors and hedge funds own 59.08% of the company’s stock.

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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