CIBC analyst Jamie Kubik reiterated a Buy rating on Advantage Oil & Gas (AAVVF) today and set a price target of C$4.25. The company’s shares closed last Tuesday at $2.72, close to its 52-week high of $2.90.
According to TipRanks.com, Kubik is a 1-star analyst with an average return of 0.1% and a 41.3% success rate. Kubik covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Paramount Resources, and PrairieSky Royalty.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Advantage Oil & Gas with a $3.23 average price target, implying a 13.7% upside from current levels. In a report issued on April 30, BMO Capital 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 December 31, the company reported a quarterly revenue of $73.2 million and net profit of $24.17 million. In comparison, last year the company earned revenue of $77.1 million and had a GAAP net loss of $1.84 million.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is neutral on the stock.
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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.