Advantage Oil & Gas (AAV) Receives a Hold from Raymond James


Advantage Oil & Gas (AAV), the Materials sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Kurt Molnar from Raymond James reiterated a Hold rating, with a C$2.85 price target.

According to TipRanks.com, Molnar has 0 stars on 0-5 star ranking scale with an average return of -23.0% and a 19.5% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Birchcliff Energy Ltd, and NuVista Energy Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advantage Oil & Gas with a C$3.39 average price target.

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 Friday at C$2.48.