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TD Securities Thinks Advantage Oil & Gas’ Stock is Going to Recover


On October 10, an analyst has provided a rating update for the Materials sector company, Advantage Oil & Gas (TSX: AAV). On October 10, analyst Aaron Bilkoski gave a Buy rating to AAV and set a C$4.75 price target.

According to TipRanks.com, Bilkoski is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.8% and a 34.8% success rate. Bilkoski covers the Basic Materials sector, focusing on stocks such as BlackPearl Resources Inc, Freehold Royalties Ltd, and Pengrowth Energy Corp.

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Currently, the analyst consensus on Advantage Oil & Gas is a Moderate Buy with an average price target of C$4.93, which is a 47.6% upside from current levels. In a report issued on October 5, Raymond James also maintained a Buy rating on the stock with a C$4.25 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 Thursday at C$3.34, close to its 52-week low of C$3.11.