Advantage Oil & Gas Ltd. (AAV) Maintains Outperform Rating And $10.50 Price Target
March 17, 2010 10:05 AM
Analysts at National Bank Financial have released an update on Advantage Oil & Gas Ltd. (NYSE: AAV). The company reported its fourth-quarter results on Tuesday.
Advantage Oil & Gas reported CFPS of $0.30 in its fourth-quarter, which was in-line with analysts’ estimates. The company had $275 million of credit line still available. Analysts believe that this gives the company significant financial flexibility to settle $70 million in debt, which matures in June this year.
Advantage Oil & Gas has also maintained its guidance for the first-half of this year, with expected volumes of 24,200-25,200 boe/d and a $110 million capex program.
Taking into account fourth-quarter results and first-half guidance, analysts at National Bank Financial have maintained their Outperform rating and $10.50 price target for Advantage Oil & Gas Ltd.
