Shares are trading at $5.35 a tad under $5.94, the stock’s 50 day moving average and which is much lower than the 200 day moving average of $6.33. The 50 day moving average was down $-0.59 and the 200 day average went down by -15.51%. Advantage Oil & Gas Ltd Ordina shares had a trading volume of 151K in the last trading session. Volume was up 28.17% over the stocks average daily volume.
Investors are a little more bearish on shares of the company lately as implied by the motion in short interest. The company recorded a rise in short interest of 25.24% between September 29, 2017 and October 13, 2017. Short shares increased from 1,466,649 to 1,836,860 over that timeframe. Days to cover decreased -3.0 to 21.0 and the percentage of shorted shares was 0.01% on October 13.
These funds have shifted positions in (AAV). As of the end of the quarter Aperio Group, LLC had bought a total of 7,101 shares growing its holdings by 5.9%. The value of the investment in AAV decreased from $808,000 to $799,000 a change of $9,000 quarter to quarter. Simplex Trading, LLC divested its stake by selling 2,884 shares a decrease of 75.1% in the quarter. Simplex Trading, LLC claims 955 shares worth $6,000. The value of the position overall is down by 76.0%.
As of quarter end Highstreet Asset Management Inc. had acquired 71,456 shares growing its stake by 216.3%. The value of the total investment in Advantage Oil & Gas Ltd Ordina went from $224,000 to $655,000 a change of 192.4% since the last quarter. As of the end of the quarter Heathbridge Capital Management Ltd. had bought 7,800 shares growing its position 0.7%. The value of the company’s investment in Advantage Oil & Gas Ltd Ordina decreased from $7,287,000 to $6,908,000 decreasing 5.2% for the reporting period.
On October 10 the company was rated “Market Perform” in a report from BMO Capital a cut from the previous “Buy” rating.
Advantage Oil & Gas Ltd Ordina’s P/E ratio is 22.02 and the market value is 994.56M. As of the last earnings report the EPS was $0.24 and is projected to be $0.35 for the current year with 185,899,000 shares outstanding. Next quarter’s EPS is estimated at $0.04 and the next full year EPS is projected to be $0.22.
Advantage Oil & Gas Ltd., together with its subsidiaries, acquires, exploits, develops, and produces oil and gas in the province of Alberta, Canada. The company produces and sells crude oil, natural gas, and natural gas liquids primarily through marketing companies. It principally focuses on the development and delineation of its Montney natural gas and liquids resource that consists of 137 net sections of land in Glacier, Alberta. The company was founded in 2001 and is headquartered in Calgary, Canada..