The Globe and Mail reports in its Friday edition that BMO Capital Markets analyst Mike Murphy has lowered his recommendation for Advantage Energy to "market perform" from "outperform," with an unchanged share target of $10. The Globe's Darcy Keith writes in the Eye On Equities column that analysts on average target the shares at $11.82. BMO expects to see generally weaker quarter-over-quarter results for the Canadian oil and gas group due to challenges presented by wildfires, heavy oil sands turnaround activity and weaker natural gas prices. Mr. Murphy says in a note: "Although we recognize the depth and quality of the company's Montney inventory, we view Advantage as being among the most impacted within its peer group by our weakening outlook for natural gas pricing through 2024. Until the gas macro environment improves, we prefer Montney names with production exposure weighted more to oil and condensate." The Globe says BMO is cautious on the oil and gas sector in general heading into second quarter results. The Globe reported on Jan. 18 that CIBC analysts Dennis Fong, Jamie Kubik and Christopher Thompson had reaffirmed their "neutral" recommendation for Advantage. The shares could then be had for $8.92.