Advantage Oil & Gas Ltd. (NYSE:AAV) traded up 4.5% during trading on Thursday . The stock traded as high as $6.08 and last traded at $6.08, with a volume of 60,857 shares. The stock had previously closed at $5.82.

Several equities research analysts have recently commented on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $9.00 price objective on shares of Advantage Oil & Gas in a research note on Friday, April 15th. Raymond James Financial Inc. restated an “outperform” rating and issued a $9.25 price objective on shares of Advantage Oil & Gas in a research note on Friday, May 27th. Scotiabank restated an “outperform” rating and issued a $9.50 price objective on shares of Advantage Oil & Gas in a research note on Thursday, July 7th. Finally, TD Securities upgraded Advantage Oil & Gas to a “buy” rating and upped their price objective for the stock from $9.50 to $10.00 in a research note on Thursday, July 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $9.41.

The stock has a 50 day moving average price of $5.73 and a 200 day moving average price of $5.40. The firm has a market capitalization of $1.12 billion and a price-to-earnings ratio of 43.81.

Several large investors recently bought and sold shares of AAV. Morgan Stanley increased its stake in 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 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 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 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 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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