Advantage Oil & Gas (OTCMKTS:AAVVF) Reaches New 52-Week High After Analyst Upgrade

Advantage Oil & Gas Ltd. (OTCMKTS:AAVVF) shares hit a new 52-week high during mid-day trading on Thursday after BMO Capital Markets raised their price target on the stock from $3.75 to $4.25. BMO Capital Markets currently has an outperform rating on the stock. Advantage Oil & Gas traded as high as $2.73 and last traded at $2.73, with a volume of 51684 shares trading hands. The stock had previously closed at $2.53.

Other analysts also recently issued reports about the stock. Tudor Pickering upgraded shares of Advantage Oil & Gas from a “hold” rating to a “buy” rating in a research report on Tuesday, January 12th. National Bank Financial reaffirmed an “outperform” rating on shares of Advantage Oil & Gas in a research note on Monday, March 1st. Desjardins raised their price objective on shares of Advantage Oil & Gas from $5.25 to $5.50 and gave the stock a “buy” rating in a report on Tuesday, March 2nd. CIBC upgraded Advantage Oil & Gas from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $3.25 to $3.75 in a report on Thursday, April 1st. Finally, TD Securities boosted their price target on Advantage Oil & Gas from $3.50 to $3.75 and gave the company a “buy” rating in a report on Tuesday, April 6th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $4.03.

The stock has a market capitalization of $512.97 million, a price-to-earnings ratio of -2.04 and a beta of 1.83. The company’s 50-day simple moving average is $2.13 and its 200-day simple moving average is $1.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.51 and a quick ratio of 0.51.

Advantage Oil & Gas (OTCMKTS:AAVVF) last announced its earnings results on Thursday, February 25th. The company reported $0.09 earnings per share for the quarter. The company had revenue of $53.66 million for the quarter. Advantage Oil & Gas had a negative return on equity of 0.34% and a negative net margin of 133.25%.

Advantage Oil & Gas Company Profile (OTCMKTS:AAVVF)

Advantage Oil & Gas Ltd., together with its subsidiaries, acquires, exploits, develops, and produces crude oil, and 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 216 net sections of land in Glacier, Pipestone/Wembley, Progress, and Valhalla, Alberta.

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