Advantage Oil & Gas (TSE:AAV) (NYSE:AAV) had its target price reduced by CIBC from C$3.50 to C$2.50 in a report published on Thursday, BayStreet.CA reports.
AAV has been the subject of a number of other research reports. National Bank Financial cut their price objective on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a research report on Tuesday, June 25th. Raymond James set a $60.00 price objective on shares of Banner and gave the company a buy rating in a research note on Friday, May 3rd. TD Securities increased their target price on shares of Premium Brands from C$93.00 to C$96.00 and gave the stock a buy rating in a report on Wednesday, May 22nd. Royal Bank of Canada reaffirmed a buy rating and issued a $2.50 price objective on shares of in a report on Thursday. Finally, GMP Securities reiterated a buy rating and issued a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of C$3.56.
Shares of TSE:AAV opened at C$1.89 on Thursday. The stock has a market capitalization of $342.61 million and a P/E ratio of 210.00. Advantage Oil & Gas has a fifty-two week low of C$1.48 and a fifty-two week high of C$4.80. The company has a 50-day moving average price of C$1.67. The company has a current ratio of 1.78, a quick ratio of 1.19 and a debt-to-equity ratio of 21.96.
Advantage Oil & Gas Ltd., together with its subsidiaries, acquires, exploits, develops, and produces natural gas and liquids in the Province of Alberta, Canada. The company focuses on the development and production of its Montney natural gas and liquids resource that includes 200 net sections of land in Glacier, Wembley, and Valhalla, Alberta.
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