CIBC Cuts Advantage Oil & Gas (TSE:AAV) Price Target to C$2.50

Advantage Oil & Gas (TSE:AAV) (NYSE:AAV) had its price objective lowered by CIBC from C$3.50 to C$2.50 in a report issued on Thursday morning, BayStreet.CA reports.

A number of other analysts have also recently weighed in on the company. TD Securities increased their price target on Premium Brands from C$93.00 to C$96.00 and gave the stock a buy rating in a research report on Wednesday, May 22nd. Raymond James set a $60.00 target price on Banner and gave the company a buy rating in a research report on Friday, May 3rd. GMP Securities restated 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. National Bank Financial lowered their target price on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. Finally, Royal Bank of Canada restated a buy rating and issued a $2.50 target price on shares of in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Advantage Oil & Gas presently has an average rating of Buy and a consensus price target of C$3.56.

Shares of Advantage Oil & Gas stock opened at C$1.89 on Thursday. The company has a debt-to-equity ratio of 21.96, a current ratio of 1.78 and a quick ratio of 1.19. The business’s 50 day moving average is C$1.67. The firm has a market cap of $342.61 million and a PE ratio of 210.00. Advantage Oil & Gas has a twelve month low of C$1.48 and a twelve month high of C$4.80.

About Advantage Oil & Gas

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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Analyst Recommendations for Advantage Oil & Gas (TSE:AAV)

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