In a report released today, Dan Payne from National Bank maintained a Buy rating on Advantage Oil & Gas (AAVVF), with a price target of C$2.75. The company’s shares closed last Tuesday at $1.25.
According to TipRanks.com, Payne is ranked #5778 out of 6408 analysts.
Currently, the analyst consensus on Advantage Oil & Gas is a Moderate Buy with an average price target of $2.18, which is a 64.6% upside from current levels. In a report released today, Raymond James also upgraded the stock to Buy with a C$2.50 price target.
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Based on Advantage Oil & Gas’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $77.1 million and GAAP net loss of $1.84 million. In comparison, last year the company earned revenue of $70.86 million and had a net profit of $25.16 million.
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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.
