Advantage Oil & Gas Ltd (USA) (AAV) : Jvl Advisors L.l.c. reduced its stake in Advantage Oil & Gas Ltd (USA) by 0.59% during the most recent quarter end. The investment management company now holds a total of 6,716,865 shares of Advantage Oil & Gas Ltd (USA) which is valued at $38.4 Million after selling 40,000 shares in Advantage Oil & Gas Ltd (USA) , the firm said in a disclosure report filed with the SEC on May 12, 2016.Advantage Oil & Gas Ltd (USA) makes up approximately 9.65% of Jvl Advisors L.l.c.’s portfolio.
Other Hedge Funds, Including , Oxford Asset Management sold out all of its stake in AAV during the most recent quarter. The investment firm sold 15,413 shares of AAV which is valued $88,162.Cowen Prime Services reduced its stake in AAV by selling 500 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 1,500 shares of AAV which is valued at $8,580.Td Asset Management Inc boosted its stake in AAV in the latest quarter, The investment management firm added 667,200 additional shares and now holds a total of 3,125,976 shares of Advantage Oil & Gas Ltd (USA) which is valued at $16.6 Million. Advantage Oil & Gas Ltd (USA) makes up approx 0.03% of Td Asset Management Inc’s portfolio.
Advantage Oil & Gas Ltd (USA) opened for trading at $5.71 and hit $5.79 on the upside on Friday, eventually ending the session at $5.75, with a gain of 0.70% or 0.04 points. The heightened volatility saw the trading volume jump to 26,929 shares. Company has a market cap of $1,060 M.
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.
Many Wall Street Analysts have commented on Advantage Oil & Gas Ltd (USA). Company shares were Reiterated by RBC Capital Mkts on Feb 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 9 from a previous price target of $8 .
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.