Royal Bank of Canada Cuts Advantage Oil & Gas (AAV) Price Target to C$2.75

Advantage Oil & Gas (TSE:AAV) (NYSE:AAV) had its target price decreased by Royal Bank of Canada from C$4.00 to C$2.75 in a research report released on Tuesday morning.

Several other brokerages also recently commented on AAV. BMO Capital Markets lowered their target price on shares of Advantage Oil & Gas from C$5.00 to C$4.00 in a report on Tuesday, October 9th. Raymond James decreased their price objective on shares of Advantage Oil & Gas from C$5.00 to C$4.25 in a report on Friday, October 5th. Desjardins decreased their price objective on shares of Advantage Oil & Gas from C$5.50 to C$5.25 in a report on Monday, November 5th. National Bank Financial decreased their price objective on shares of Advantage Oil & Gas from C$6.00 to C$4.00 and set an outperform rating for the company in a report on Monday, December 10th. Finally, GMP Securities decreased their price objective on shares of Advantage Oil & Gas from C$5.50 to C$5.00 in a report on Thursday, December 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Advantage Oil & Gas presently has an average rating of Hold and a consensus price target of C$4.61.

Advantage Oil & Gas stock opened at C$2.25 on Tuesday. Advantage Oil & Gas has a 1-year low of C$1.80 and a 1-year high of C$4.85. The company has a debt-to-equity ratio of 19.86, a current ratio of 1.33 and a quick ratio of 0.67.

Advantage Oil & Gas (TSE:AAV) (NYSE:AAV) last released its quarterly earnings data on Thursday, November 1st. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$57.93 million for the quarter. Research analysts predict that Advantage Oil & Gas will post 0.129999997161572 earnings per share for the current fiscal year.

About Advantage Oil & Gas

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.

Read More: Yield Curve

Analyst Recommendations for Advantage Oil & Gas (TSE:AAV)

Receive News & Ratings for Advantage Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advantage Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply