Advantage Oil & Gas Ltd. Expected to Earn FY2018 Earnings of $0.00 Per Share (AAV)

Share on StockTwits

Advantage Oil & Gas Ltd. (TSE:AAV) (NYSE:AAV) – Equities researchers at Cormark dropped their FY2018 earnings estimates for Advantage Oil & Gas in a research note issued on Monday, November 5th. Cormark analyst G. Ursu now expects that the company will post earnings per share of $0.00 for the year, down from their prior forecast of $0.17. Cormark also issued estimates for Advantage Oil & Gas’ FY2020 earnings at $0.33 EPS.

A number of other brokerages have also recently weighed in on AAV. CIBC reduced their target price on Advantage Oil & Gas from C$5.50 to C$5.25 in a report on Friday, July 20th. Raymond James reduced their target price on Advantage Oil & Gas from C$4.25 to C$4.00 and set a “market perform” rating on the stock in a report on Monday. National Bank Financial lifted their target price on Advantage Oil & Gas from C$5.00 to C$6.00 and gave the company a “c$4.21” rating in a report on Monday, July 23rd. BMO Capital Markets reduced their target price on Advantage Oil & Gas from C$5.00 to C$4.00 in a report on Tuesday, October 9th. Finally, TD Securities lifted their target price on Advantage Oil & Gas from C$5.00 to C$5.50 and gave the company a “buy” rating in a report on Tuesday, August 7th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of C$5.19.

Shares of Advantage Oil & Gas stock opened at C$3.36 on Wednesday. Advantage Oil & Gas has a twelve month low of C$2.81 and a twelve month high of C$7.44.

About Advantage Oil & Gas

Advantage Oil & Gas Ltd., together with its subsidiaries, acquires, exploits, develops, and produces natural gas in the Province of Alberta, Canada. The company primarily focuses on the development and delineation of its Montney natural gas and liquids resource that includes 200 net sections of land in Glacier, Alberta.

Featured Article: Stock Selection – What is cash flow?

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

Receive News & Ratings for Advantage Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advantage Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply