The CSFB Increases Advantage Oil & Gas Ltd. (AAV) Price Target to C$13.00, Report finds

The CSFB Increases Advantage Oil & Gas Ltd. (AAV) Price Target to C$13.00, Report finds

AAV has been the topic of several other research reports. Scotiabank reissued an “outperform” rating and set a C$10.75 target price on shares of Advantage Oil & Gas in a research report on Friday, October 14th. CIBC dropped their target price on shares of Advantage Oil & Gas from C$11.00 to C$10.00 in a research report on Wednesday, January 25th. Raymond James Financial, Inc. reissued an “outperform” rating and set a C$14.25 target price on shares of Advantage Oil & Gas in a research report on Thursday, January 19th. TD Securities reissued a “buy” rating and set a C$11.50 target price on shares of Advantage Oil & Gas in a research report on Tuesday, November 29th. Finally, RBC Capital Markets lifted their price objective on shares of Advantage Oil & Gas from C$11.00 to C$12.00 in a research note on Thursday, October 13th. Nine research analysts have rated the stock with a buy rating, Advantage Oil & Gas has an average rating of “Buy” and an average target price of C$11.75.

Advantage Oil & Gas Ltd. (TSE:AAV) (NYSE:AAV) had its price target boosted by analysts at CSFB from C$11.00 to C$13.00 in a report released on Thursday. CSFB’s price objective indicates a potential upside of 48.91% from the stock’s current price.

Shares of Advantage Oil & Gas (TSE:AAV) traded up 5.18% during mid-day trading on Thursday, hitting $8.73. 839,703 shares of the stock were exchanged. Advantage Oil & Gas has a 52-week low of $6.41 and a 52-week high of $10.33. The stock’s 50-day moving average price is $8.59 and its 200-day moving average price is $9.02. The company has a market cap of $1.61 billion and a P/E ratio of 323.33.

In related news, insider Donald Craig Blackwood sold 40,000 shares of the business’s stock in a transaction on Thursday, January 26th. The shares were sold at an average price of C$8.71, for a total value of C$348,400.00.

About Advantage Oil & Gas

Advantage Oil & Gas Ltd. is an intermediate natural gas and liquids development and production company. The Company is engaged in the business of natural gas exploitation, development, acquisition and production in the Province of Alberta. It operates in the Montney resource play located in Western Canada.

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