Advantage Oil & Gas Ltd. (NYSE:AAV) shares saw unusually-strong trading volume on Thursday . Approximately 107,630 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 83,214 shares.The stock last traded at $5.78 and had previously closed at $5.72.

A number of equities analysts recently issued reports on AAV shares. TD Securities raised Advantage Oil & Gas to a “buy” rating and upped their price target for the company from $9.50 to $10.00 in a report on Thursday. Scotiabank reaffirmed an “outperform” rating and issued a $9.50 price target on shares of Advantage Oil & Gas in a report on Thursday. Raymond James Financial Inc. reaffirmed an “outperform” rating and issued a $9.25 price target on shares of Advantage Oil & Gas in a report on Friday, May 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $9.00 price target on shares of Advantage Oil & Gas in a report on Friday, April 15th. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of Advantage Oil & Gas in a report on Friday, March 11th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Advantage Oil & Gas currently has a consensus rating of “Buy” and a consensus price target of $9.41.

The firm’s 50 day moving average is $5.72 and its 200-day moving average is $5.38. The stock has a market capitalization of $1.07 billion and a price-to-earnings ratio of 41.80.

Several large investors recently made changes to their positions in the stock. Morgan Stanley increased its stake in shares of Advantage Oil & Gas by 16.0% in the fourth quarter. Morgan Stanley now owns 554,921 shares of the company’s stock valued at $2,820,000 after buying an additional 76,533 shares during the last quarter. Russell Frank Co increased its stake in shares of Advantage Oil & Gas by 22.5% in the fourth quarter. Russell Frank Co now owns 687,468 shares of the company’s stock valued at $3,396,000 after buying an additional 126,364 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Advantage Oil & Gas by 147.6% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 730,800 shares of the company’s stock valued at $5,138,000 after buying an additional 435,700 shares during the last quarter. TD Asset Management Inc. increased its stake in shares of Advantage Oil & Gas by 3.6% in the fourth quarter. TD Asset Management Inc. now owns 2,458,776 shares of the company’s stock valued at $12,443,000 after buying an additional 85,868 shares during the last quarter. Finally, I.G. Investment Management LTD. increased its stake in shares of Advantage Oil & Gas by 37.1% in the fourth quarter. I.G. Investment Management LTD. now owns 5,089,606 shares of the company’s stock valued at $25,871,000 after buying an additional 1,378,622 shares during the last quarter.

Advantage Oil & Gas Ltd. is an intermediate natural gas and liquids development and production company. The Company is engaged in the business of natural gas exploitation, development, acquisition and production in the Province of Alberta. It operates in the Montney resource play located in Western Canada.

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