FY2018 EPS Estimates for Advantage Oil & Gas Ltd (AAV) Lifted by Cormark

Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) – Research analysts at Cormark upped their FY2018 earnings estimates for shares of Advantage Oil & Gas in a report issued on Tuesday. Cormark analyst G. Ursu now anticipates that the oil and gas company will post earnings per share of $0.26 for the year, up from their prior forecast of $0.22. Cormark also issued estimates for Advantage Oil & Gas’ FY2019 earnings at $0.30 EPS.

Other research analysts have also issued research reports about the company. BMO Capital Markets lowered Advantage Oil & Gas from an “outperform” rating to a “market perform” rating and set a $8.00 price objective for the company. in a research report on Tuesday, October 10th. Royal Bank of Canada reaffirmed a “hold” rating and set a $11.00 price objective on shares of Advantage Oil & Gas in a research report on Monday, September 25th. BidaskClub raised Advantage Oil & Gas from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Zacks Investment Research lowered Advantage Oil & Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Scotiabank reaffirmed a “buy” rating and set a $11.50 price objective on shares of Advantage Oil & Gas in a research report on Tuesday, October 10th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $9.44.

Advantage Oil & Gas (NYSE AAV) traded down $0.20 during mid-day trading on Thursday, reaching $3.80. The company had a trading volume of 233,789 shares, compared to its average volume of 234,243. Advantage Oil & Gas has a one year low of $3.75 and a one year high of $7.35. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.12. The company has a market cap of $743.85, a price-to-earnings ratio of 25.00 and a beta of 0.86.

Several institutional investors have recently bought and sold shares of AAV. Fiera Capital Corp increased its holdings in shares of Advantage Oil & Gas by 692.3% in the 2nd quarter. Fiera Capital Corp now owns 1,786,590 shares of the oil and gas company’s stock worth $12,061,000 after purchasing an additional 1,561,090 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Advantage Oil & Gas by 269.2% in the 3rd quarter. CIBC Asset Management Inc now owns 1,630,494 shares of the oil and gas company’s stock worth $10,192,000 after purchasing an additional 1,188,841 shares in the last quarter. Montrusco Bolton Investments Inc. increased its holdings in shares of Advantage Oil & Gas by 12.3% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 7,406,023 shares of the oil and gas company’s stock worth $46,308,000 after purchasing an additional 812,405 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Advantage Oil & Gas by 127.8% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,291,297 shares of the oil and gas company’s stock worth $8,074,000 after purchasing an additional 724,433 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Advantage Oil & Gas by 155.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,130,075 shares of the oil and gas company’s stock worth $7,628,000 after purchasing an additional 688,196 shares in the last quarter. 54.82% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Advantage Oil & Gas (NYSE:AAV)

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