Advantage Oil & Gas Ltd. (NYSE:AAV) shares saw an uptick in trading volume on Friday . 101,521 shares were traded 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.

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

The stock’s 50-day moving average price is $5.74 and its 200-day moving average price is $5.41. The firm has a market capitalization of $1.16 billion and a price-to-earnings ratio of 45.58.

A number of hedge funds and institutional investors have recently bought and sold shares of AAV. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position 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. 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 valued at $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 valued at $2,820,000 after buying an additional 76,533 shares during the last quarter. Finally, 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 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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