Advantage Oil & Gas (TSX: AAV), the Materials sector company was revisited on October 31, and remains undervalued for at least one analyst on the street. On October 31, analyst Kristopher Zack gave a Buy rating to AAV and set a C$5.50 price target.
According to TipRanks.com, Zack has currently no stars on a ranking scale of 0-5 stars, with an average return of -15.0% and a 24.2% success rate. Zack covers the Basic Materials sector, focusing on stocks such as Crescent Point Energy, Baytex Energy Corp, and Encana Corp.
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Advantage Oil & Gas has an analyst consensus of Moderate Buy, with a price target consensus of C$4.83, which is a 69.5% upside from current levels. In a report issued on October 18, TD Securities also reiterated a Buy rating on the stock with a C$4.75 price target.
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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 Friday at C$2.85, equals to its 52-week low of C$2.85.
