In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Advantage Oil & Gas (AAV). Analyst Kurt Molnar from Raymond James reiterated a Hold rating, with a C$3.25 price target today.
According to TipRanks.com, Molnar has currently no stars on a ranking scale of 0-5 stars, with an average return of -22.3% and a 14.6% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Birchcliff Energy Ltd, and Bonterra Energy Corp.
Advantage Oil & Gas has an analyst consensus of Moderate Buy, with a price target consensus of C$4.
Based on Advantage Oil & Gas’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$25.16 million. In comparison, last year the company had a net profit of C$10.1 million.
Advantage Oil & Gas Ltd. engages in the exploitation, development, acquisition, and production of natural gas and liquids. It focuses on the development and delineation of Montney natural gas and liquids resource at Glacier, Wembley, Valhalla, and Progress properties. The company was founded on January 2, 1997 and is headquartered in Calgary, Canada.
The company’s shares closed on Friday at C$2.09, close to its 52-week low of C$1.80.
