The stock of Advantage Oil & Gas Ltd. (TSE:AAV) gapped up by $0.07 today and has $14.31 target or 53.00% above today’s $9.35 share price. The 5 months technical chart setup indicates low risk for the $1.74B company. The gap was reported on Nov, 21 by Barchart.com. If the $14.31 price target is reached, the company will be worth $922.20M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 364,434 shares traded hands. Advantage Oil & Gas Ltd. (TSE:AAV) has risen 38.43% since April 15, 2016 and is uptrending. It has outperformed by 34.57% the S&P500.
Advantage Oil & Gas Ltd. (TSE:AAV) Ratings Coverage
Out of 5 analysts covering Advantage Oil & Gas (TSE:AAV), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $12.75 is the highest target while $9 is the lowest. The $10.97 average target is 17.33% above today’s ($9.35) stock price. Advantage Oil & Gas has been the topic of 22 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “” rating on Monday, June 6 by Raymond James. As per Tuesday, September 8, the company rating was initiated by IBC. TD Securities maintained the shares of AAV in a report on Friday, October 14 with “Buy” rating. Scotia Capital maintained it with “Sector Outperform” rating and $11 target price in Thursday, October 15 report. Scotia Capital maintained Advantage Oil & Gas Ltd. (TSE:AAV) on Monday, August 8 with “Outperform” rating. The firm earned “Outperform” rating on Friday, October 14 by Scotia Capital. The firm earned “Outperform” rating on Friday, July 8 by RBC Capital Markets. As per Friday, November 4, the company rating was maintained by TD Securities. Desjardins Securities maintained the shares of AAV in a report on Tuesday, June 28 with “” rating. Scotia Capital maintained it with “Outperform” rating and $10.75 target price in Friday, November 4 report.
Another recent and important Advantage Oil & Gas Ltd. (TSE:AAV) news was published by Seekingalpha.com which published an article titled: “Advantage Oil & Gas Will Thrive” on January 05, 2016.
Advantage Oil & Gas Ltd. is an intermediate natural gas and liquids development and production company. The company has a market cap of $1.74 billion. The Firm is engaged in the business of natural gas exploitation, development, acquisition and production in the Province of Alberta. It has a 276.95 P/E ratio. It operates in the Montney resource play located in Western Canada.
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