Advantage Oil & Gas Ltd. (NYSE:AAV) hit a new 52-week high during trading on Monday . The company traded as high as $6.45 and last traded at $6.44, with a volume of 148,659 shares changing hands. The stock had previously closed at $6.29.

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

The firm has a 50-day moving average of $5.76 and a 200-day moving average of $5.43. The firm has a market cap of $1.19 billion and a price-to-earnings ratio of 46.62.

Other hedge funds and institutional investors have recently 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 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 valued at $5,138,000 after buying an additional 435,700 shares in the last quarter. 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 valued at $3,396,000 after buying an additional 126,364 shares in the last quarter. Finally, 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 valued at $25,871,000 after buying an additional 1,378,622 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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