#3 - Advantage Oil and Gas Ltd. (NYSE:AAV)
Advantage Oil and Gas Ltd. (NYSE: AAV) - For investors who are looking for a more proven player in the oil and gas sector, Advantage Oil and Gas is a compelling choice. In its second-quarter earnings report, the company showed a year-over-year decline on both the top and bottom lines which is creating downward pressure on the stock. However, in the first quarter, the company’s profit margin was 29%, well above the industry average of 6.1%. And that profit shows no signs of slowing due to the juice that’s driving up demand for Canadian oil such as the Iran sanctions and forecasted production issues in South America. In fact, analysts are forecasting the Canadian oil industry as a whole to register a $1.4 billion profit in 2018.
Forecasts like that are contributing to Advantage receiving a forward price target of $5.90. The stock is currently trading at approximately $3.10.
About Advantage Oil & Gas
Advantage Oil & Gas Ltd. engages in the development and production of natural gas and liquids. It focuses its operation in Glacier, Wembley, Valhalla, and Progress, Alberta. The company was founded on January 2, 1997 and is headquartered in Calgary, Canada.
- Current Price
- $2.50
- Consensus Rating
- Hold
- Ratings Breakdown
- 0 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $11.00 (340.0% Upside)
