Advantage Oil & Gas Ltd (USA) (AAV) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 11 from a previous price target of $9 . RBC Capital Mkts advised their investors in a research report released on Aug 8, 2016.
On the company’s financial health, Advantage Oil & Gas Ltd (USA) reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $0.02.Analysts expectations of $ 41.67.During the same quarter in the previous year, the company posted $0.23 EPS.
Advantage Oil & Gas Ltd (USA) opened for trading at $6.5 and hit $6.8201 on the upside on Friday, eventually ending the session at $6.67, with a gain of 3.41% or 0.22 points. The heightened volatility saw the trading volume jump to 2,53,799 shares. Company has a market cap of $1,230 M.
Advantage Oil & Gas Ltd is a Canada-based intermediate natural gas and liquids development and production company. It is focused on development and growth of its Montney natural gas resource play at Glacier Alberta. Its production at Glacier is 135 millions of cubic feet equivalent per day. The Glacier property consists of 82 gross (76 net) sections of land with Doig/Montney interests. It has drilled and completed approximately 137 gross (127.5 net) horizontal wells at the Glacier property in either the Triassic Montney or Doig formation siltstones. In addition two vertical wells drilled into the underlying Belloy Formation are used for acid gas disposal and two vertical wells are used as service wells that support its water disposal system. It drilled approximately 38 gross (38 net) horizontal wells in the Montney and Lower Doig formations. It owns and operates a 100% working interest gas plant located at 5-02-76-12W6.