Advantage Oil & Gas (AAV) Receives a Hold from BMO Capital


In a new note to investors today, an analyst has provided a rating update for Advantage Oil & Gas (AAV). The company received a Hold rating from BMO Capital’s analyst Randy Ollenberger, with a C$2.65 price target.

According to TipRanks.com, Ollenberger is a 1-star analyst with an average return of -2.7% and a 42.2% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Imperial Oil Limited, and Baytex Energy Corp.

Currently, the analyst consensus on Advantage Oil & Gas is a Moderate Buy with an average price target of C$4.01.

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$21.43 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$2.22, close to its 52-week low of C$1.80.