Today Advantage Oil & Gas Ltd. (AAV) Stock Reaches Yearly Low

January 20, 2018 - By Clifton Ray

The stock of Advantage Oil & Gas Ltd. (NYSE:AAV) hit a new 52-week low and has $3.14 target or 9.00 % below today’s $3.45 share price. The 9 months bearish chart indicates high risk for the $622.91 million company. The 1-year low was reported on Jan, 20 by Barchart.com. If the $3.14 price target is reached, the company will be worth $56.06M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.43% or $0.05 during the last trading session, reaching $3.45. About 393,007 shares traded or 62.10% up from the average. Advantage Oil & Gas Ltd. (NYSE:AAV) has risen 17.34% since January 20, 2017 and is uptrending. It has outperformed by 0.64% the S&P500.

Analysts await Advantage Oil & Gas Ltd. (NYSE:AAV) to report earnings on March, 1. They expect $0.08 earnings per share, up 100.00 % or $0.04 from last year’s $0.04 per share. AAV’s profit will be $14.44M for 10.78 P/E if the $0.08 EPS becomes a reality.

Advantage Oil & Gas Ltd. (NYSE:AAV) Ratings Coverage

Among 4 analysts covering Advantage Oil & Gas Ltd. (NYSE:AAV), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Advantage Oil & Gas Ltd. had 10 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by TD Securities on Friday, August 7. Credit Suisse upgraded Advantage Oil & Gas Ltd. (NYSE:AAV) rating on Friday, October 14. Credit Suisse has “Outperform” rating and $1 target. The firm has “Buy” rating given on Thursday, July 21 by TD Securities. The firm earned “Sector Perform” rating on Thursday, July 20 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, August 8 report. The rating was downgraded by BMO Capital Markets to “Market Perform” on Tuesday, October 10. The firm has “Outperform” rating given on Thursday, July 21 by BMO Capital Markets.

More recent Advantage Oil & Gas Ltd. (NYSE:AAV) news were published by: Seekingalpha.com which released: “Advantage Oil And Gas: Mr. Market Has Lost His Mind” on October 15, 2017. Also Seekingalpha.com published the news titled: “Advantage Oil And Gas’s Cost Advantages Are Fully Priced” on November 10, 2017. Worldoil.com‘s news article titled: “RPSEA releases Oil & Gas Technology Roadmap” with publication date: January 16, 2018 was also an interesting one.

Advantage Oil & Gas Ltd., together with its subsidiaries, acquires, exploits, develops, and produces natural gas in the province of Alberta, Canada. The company has market cap of $622.91 million. The firm primarily focuses on the development and delineation of its Montney natural gas and liquids resource that includes 157 net sections of land in Glacier, Alberta. It has a 12.45 P/E ratio. It provides natural gas and natural gas liquids primarily through marketing companies.

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