Advantage Oil & Gas (AAV), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Kristopher Zack from Desjardins rated Advantage Oil & Gas (AAV) a Buy, setting a C$5.25 price target.
According to TipRanks.com, Zack is ranked 0 out of 5 stars with an average return of -14.8% and a 24.3% success rate. Zack covers the Basic Materials sector, focusing on stocks such as Crescent Point Energy, Baytex Energy Corp, and NuVista Energy Ltd.
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Currently, the analyst consensus on Advantage Oil & Gas is a Moderate Buy with an average price target of C$4.67.
Based on Advantage Oil & Gas’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$8.85 million. In comparison, last year the company had a net profit of C$13.03 million.
Advantage Oil & Gas Ltd. engages in the business of exploitation, development, acquisition and production of oil and gas. The firm focuses on montney natural gas and liquids resource. It develops and operates a natural gas property in Alberta. The company was founded on January 2, 1997 and is headquartered in Calgary, Canada.
The company’s shares closed on Monday at C$3.18, close to its 52-week low of C$2.81.
