Advantage Oil & Gas Ltd. (AAV) Shares Up 4.3%
Advantage Oil & Gas Ltd. (TSE:AAV) (NYSE:AAV)’s share price shot up 4.3% on Wednesday . The company traded as high as C$8.03 and last traded at C$8.01. 399,438 shares changed hands during trading, a decline of 21% from the average session volume of 508,497 shares. The stock had previously closed at C$7.68.
A number of brokerages have weighed in on AAV. Royal Bank Of Canada lowered shares of Advantage Oil & Gas from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$12.00 to C$11.00 in a research report on Thursday, July 20th. BMO Capital Markets reiterated an “outperform” rating and set a C$10.25 target price on shares of Advantage Oil & Gas in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Advantage Oil & Gas has a consensus rating of “Buy” and a consensus price target of C$11.41.
The stock has a market capitalization of $1.47 billion and a P/E ratio of 25.30. The company’s 50-day moving average price is $8.09 and its 200-day moving average price is $8.41.
In related news, insider Donald Craig Blackwood sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 4th. The stock was sold at an average price of C$8.78, for a total transaction of C$87,800.00. Also, insider Andy Mah sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of C$8.84, for a total value of C$106,080.00. Insiders have sold a total of 32,000 shares of company stock valued at $278,880 in the last ninety days.
COPYRIGHT VIOLATION WARNING: “Advantage Oil & Gas Ltd. (AAV) Shares Up 4.3%” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/09/15/advantage-oil-gas-ltd-aav-shares-up-4-3.html.
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.
Receive News & Ratings for Advantage Oil & Gas Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advantage Oil & Gas Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.