Advantage Oil & Gas Ltd. (TSE:AAV) (NYSE:AAV) was downgraded by Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. They currently have a C$11.00 price objective on the stock, down from their previous price objective of C$12.00. Royal Bank Of Canada’s target price would suggest a potential upside of 20.09% from the company’s previous close.
AAV has been the subject of a number of other research reports. Raymond James Financial, Inc. increased their target price on shares of Advantage Oil & Gas from C$11.75 to C$12.50 and gave the company an “outperform” rating in a research report on Monday, May 8th. BMO Capital Markets reiterated an “outperform” rating and issued a C$10.25 target price on shares of Advantage Oil & Gas in a research report on Tuesday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$11.28.
Shares of Advantage Oil & Gas (AAV) traded down 3.49% during midday trading on Thursday, hitting $8.84. 652,048 shares of the stock were exchanged. The firm has a market cap of $1.64 billion and a P/E ratio of 149.83. The firm has a 50 day moving average of $8.48 and a 200 day moving average of $8.49. Advantage Oil & Gas has a 12-month low of $7.65 and a 12-month high of $10.33.
In other Advantage Oil & Gas news, insider Andy Mah sold 12,000 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of C$9.00, for a total transaction of C$108,000.00. Also, insider Neil Bokenfohr sold 25,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of C$9.05, for a total transaction of C$226,250.00. Insiders sold a total of 79,000 shares of company stock valued at $701,730 over the last three months.
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. The Company focuses on the development of Montney resource play at Glacier, Alberta in Western Canada.
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