What’s Advantage Oil & Gas Ltd. (AAV) Downside After Forming Multiple Bottom?

May 17, 2018 - By Paula Hilliard

Advantage Oil & Gas Ltd. (NYSE:AAV) Logo

The stock of Advantage Oil & Gas Ltd. (AAV) shows a multiple bottoms pattern with $2.85 target or 8.00 % below today’s $3.10 share price. The 9 months chart pattern indicates high risk for the $579.00 million company. It was reported on May, 17 by Finviz.com. If the $2.85 price target is reached, the company will be worth $46.32M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

It closed at $3.1 lastly. It is down 53.13% since May 17, 2017 and is downtrending. It has underperformed by 64.68% the S&P500.

Analysts await Advantage Oil & Gas Ltd. (NYSE:AAV) to report earnings on August, 2. They expect $0.02 EPS, down 66.67 % or $0.04 from last year’s $0.06 per share. AAV’s profit will be $3.74M for 38.75 P/E if the $0.02 EPS becomes a reality. After $0.04 actual EPS reported by Advantage Oil & Gas Ltd. for the previous quarter, Wall Street now forecasts -50.00 % negative EPS growth.

Another recent and important Advantage Oil & Gas Ltd. (NYSE:AAV) news was published by Investorplace.com which published an article titled: “10 Energy Stocks That Are Leaking” on April 27, 2018.

Advantage Oil & Gas Ltd., together with its subsidiaries, acquires, exploits, develops, and produces natural gas in the province of Alberta, Canada. The company has market cap of $579.00 million. The firm primarily focuses on the development and delineation of its Montney natural gas and liquids resource that includes 157 net sections of land in Glacier, Alberta. It has a 7.93 P/E ratio. It provides natural gas and natural gas liquids primarily through marketing companies.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: