Shares of Advantage Oil & Gas Ltd. (NYSE:AAV) dropped 1.5% during trading on Monday . The company traded as low as $5.72 and last traded at $5.72, with a volume of 59,249 shares. The stock had previously closed at $5.81.

A number of research firms recently weighed in on AAV. 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. Scotiabank reaffirmed an “outperform” rating and issued a $9.50 price target on shares of Advantage Oil & Gas in a report on Thursday, July 7th. Finally, TD Securities raised Advantage Oil & Gas to a “buy” rating and upped their price target for the stock from $9.50 to $10.00 in a report on Thursday, July 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Advantage Oil & Gas has an average rating of “Buy” and a consensus price target of $9.41.

The company’s 50-day moving average price is $5.72 and its 200 day moving average price is $5.39. The stock has a market capitalization of $1.06 billion and a price-to-earnings ratio of 41.22.

A number of hedge funds have made changes to their positions in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted 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 worth $5,138,000 after buying an additional 435,700 shares during the period. Russell Frank Co boosted its position in Advantage Oil & Gas by 22.5% in the fourth quarter. Russell Frank Co now owns 687,468 shares of the company’s stock worth $3,396,000 after buying an additional 126,364 shares during the last quarter. Morgan Stanley boosted its position in Advantage Oil & Gas by 16.0% in the fourth quarter. Morgan Stanley now owns 554,921 shares of the company’s stock worth $2,820,000 after buying an additional 76,533 shares during the last quarter. I.G. Investment Management LTD. boosted its position in 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 worth $25,871,000 after buying an additional 1,378,622 shares during the last quarter. Finally, TD Asset Management Inc. boosted its position in 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 worth $12,443,000 after buying an additional 85,868 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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