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


The Materials sector company, Advantage Oil & Gas (AAV), has received a rating update from a Wall Street analyst today. Analyst Michael Harvey from RBC Capital rated Advantage Oil & Gas (AAV) a Hold, setting a C$2.75 price target.

According to TipRanks.com, Harvey is a 3-star analyst with an average return of 0.6% and a 41.5% success rate. Harvey covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Crescent Point Energy, and Birchcliff Energy Ltd.

Advantage Oil & Gas has an analyst consensus of Moderate Buy, with a price target consensus of C$3.87, implying a 72.8% upside from current levels. In a report released today, BMO Capital also reiterated a Hold rating on the stock with a C$2.65 price target.

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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$2.24, close to its 52-week low of C$1.80.