Advantage Oil & Gas Ltd. (AAV) Sees Large Volume Increase
Advantage Oil & Gas Ltd. (NYSE:AAV) shares saw unusually-high trading volume on Friday . Approximately 128,073 shares traded hands during trading, an increase of 11% from the previous session’s volume of 115,163 shares.The stock last traded at $7.09 and had previously closed at $7.06.
AAV has been the topic of several analyst reports. Royal Bank Of Canada lowered their target price on shares of Advantage Oil & Gas from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Monday, August 8th. TD Securities upgraded shares of Advantage Oil & Gas to a “buy” rating and upped their price target for the company from $9.50 to $10.00 in a report on Thursday, July 7th. BMO Capital Markets assumed coverage on shares of Advantage Oil & Gas in a report on Wednesday, July 20th. They set an “outperform” rating and a $10.50 price target for the company. RBC Capital Markets restated an “outperform” rating and set a $11.00 price target (up from $9.00) on shares of Advantage Oil & Gas in a report on Monday, August 8th. Finally, Raymond James Financial Inc. restated an “outperform” rating and set a $9.25 price target on shares of Advantage Oil & Gas in a report on Friday, May 27th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $9.80.
The company has a market capitalization of $1.31 billion and a price-to-earnings ratio of 372.11. The firm’s 50 day moving average is $6.56 and its 200-day moving average is $5.76.
Advantage Oil & Gas (NYSE:AAV) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.20 EPS for the quarter.
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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