Advantage Oil & Gas Ltd. (AAV) Insider Andy Mah Sells 10,000 Shares
Advantage Oil & Gas Ltd. (TSE:AAV) insider Andy Mah sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 21st. The stock was sold at an average price of C$7.37, for a total value of C$73,700.00.
A number of research firms recently issued reports on AAV. CSFB raised their price target on Advantage Oil & Gas from C$7.00 to C$7.25 in a report on Thursday, December 17th. CIBC lowered their price target on Advantage Oil & Gas from C$10.00 to C$9.50 in a report on Thursday, January 14th. FirstEnergy Capital lowered their price target on Advantage Oil & Gas from C$10.00 to C$9.75 in a report on Thursday, December 17th. TD Securities raised their price target on Advantage Oil & Gas from C$8.50 to C$9.50 and gave the stock a “buy” rating in a report on Friday, November 6th. Finally, Credit Suisse raised their price target on Advantage Oil & Gas from C$7.00 to C$7.25 in a report on Thursday, December 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$9.09.
Shares of Advantage Oil & Gas Ltd. (TSE:AAV) opened at 7.44 on Monday. The firm has a 50-day moving average price of $6.63 and a 200-day moving average price of $7.16. The stock has a market cap of $1.27 billion and a price-to-earnings ratio of 20.22. Advantage Oil & Gas Ltd. has a one year low of $4.94 and a one year high of $8.36.
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 (TSE:AAV) 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.
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