Shares of Advantage Oil & Gas Ltd. (NYSE:AAV) saw unusually-high trading volume on Friday . Approximately 101,521 shares changed hands during mid-day trading, an increase of 22% from the previous session’s volume of 83,159 shares.The stock last traded at $6.28 and had previously closed at $6.09.

AAV has been the topic of a number of analyst reports. TD Securities raised Advantage Oil & Gas to a “buy” rating and boosted their price target for the stock from $9.50 to $10.00 in a research report on Thursday, July 7th. Scotiabank reissued an “outperform” rating and issued a $9.50 price target on shares of Advantage Oil & Gas in a research report on Thursday, July 7th. Raymond James Financial Inc. reissued an “outperform” rating and issued a $9.25 price target on shares of Advantage Oil & Gas in a research report on Friday, May 27th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $9.00 price target on shares of Advantage Oil & Gas in a research report on Friday, April 15th. One investment 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 an average price target of $9.41.

The stock has a market capitalization of $1.16 billion and a P/E ratio of 45.25. The firm has a 50-day moving average price of $5.73 and a 200 day moving average price of $5.40.

Other institutional investors recently modified their holdings of the company. I.G. Investment Management LTD. raised its position 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 worth $25,871,000 after buying an additional 1,378,622 shares during the period. TD Asset Management Inc. raised its position 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 worth $12,443,000 after buying an additional 85,868 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position 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 raised its position 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 worth $3,396,000 after buying an additional 126,364 shares during the period. Finally, Morgan Stanley raised its position 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 worth $2,820,000 after buying an additional 76,533 shares during the period.

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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