Advantage Oil & Gas (AAV) Gets a Hold Rating from CIBC
In a new note to investors today, an analyst has provided a rating update for Advantage Oil & Gas (AAV). The company received a Hold rating from CIBC’s analyst Jamie Kubik, with a C$2.50 price target.
According to TipRanks.com, Kubik ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -19.4% and a 21.8% success rate. Kubik covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
Advantage Oil & Gas has an analyst consensus of Moderate Buy, with a price target consensus of C$3.25.
Based on Advantage Oil & Gas’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$681K. In comparison, last year the company had a GAAP net loss of C$15.29 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 Thursday at C$1.82, close to its 52-week low of C$1.48.