RBC Capital analyst Michael Harvey maintained a Hold rating on Advantage Oil & Gas (AAVVF) on June 10 and set a price target of C$6.00. The company’s shares closed last Friday at $3.70, close to its 52-week high of $3.91.
According to TipRanks.com, Harvey is a 4-star analyst with an average return of 13.7% and a 50.6% success rate. Harvey covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Paramount Resources, and Birchcliff Energy.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Advantage Oil & Gas with a $3.84 average price target.
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Based on Advantage Oil & Gas’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $99.37 million and GAAP net loss of $425K. In comparison, last year the company earned revenue of $64.19 million and had a GAAP net loss of $267 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.
