In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Advantage Oil & Gas (AAV). Today, analyst Kurt Molnar gave a Hold rating to AAV and set a C$2.80 price target.
According to TipRanks.com, Molnar ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -26.5% and a 15.8% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Birchcliff Energy Ltd, and NuVista Energy Ltd.
Currently, the analyst consensus on Advantage Oil & Gas is a Moderate Buy with an average price target of C$3.39, which is a 43.0% upside from current levels. In a report issued on February 1, CIBC also downgraded the stock to Hold with a C$3.50 price target.
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The company has a one-year high of C$4.80 and a one-year low of C$1.80. Currently, Advantage Oil & Gas has an average volume of 1.2M.
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 Wednesday at C$2.37.
