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

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

The firm’s 50 day moving average price is $5.74 and its 200-day moving average price is $5.41. The company has a market capitalization of $1.16 billion and a P/E ratio of 45.58.

A number of institutional investors recently made changes to their positions in the company. I.G. Investment Management LTD. boosted 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 in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted 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 in the last quarter. Russell Frank Co boosted 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 in the last quarter. Finally, Morgan Stanley boosted 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 in 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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