Canadian Energy Company Revisited by BMO Capital Analyst
Wall Street analyst has provided a rating update for the Materials sector company on October 8, while remaining neutral on the stock. Advantage Oil & Gas (TSX: AAV) received a Hold on October 8 from BMO Capital’s analyst Randy Ollenberger, with a C$4 price target.
According to TipRanks.com, Ollenberger is ranked #2236 out of 4897 analysts.
Currently, the analyst consensus on Advantage Oil & Gas is a Strong Buy with an average price target of C$5.21.
Based on Advantage Oil & Gas’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$15.29 million. In comparison, last year the company had a net profit of C$13.03 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 Thursday at C$3.41, close to its 52-week low of C$3.11.