Advantage Oil & Gas Ltd. (NYSE:AAV) shares saw unusually-high trading volume on Friday . Approximately 174,366 shares changed hands during mid-day trading, an increase of 62% from the previous session’s volume of 107,474 shares.The stock last traded at $6.56 and had previously closed at $6.43.

AAV has been the subject of several recent research reports. TD Securities reissued a “buy” rating on shares of Advantage Oil & Gas in a research note on Thursday. BMO Capital Markets initiated coverage on Advantage Oil & Gas in a research note on Wednesday. They issued an “outperform” rating and a $10.50 target price for the company. Scotiabank reaffirmed an “outperform” rating and issued a $9.50 target price on shares of Advantage Oil & Gas in a research note on Thursday, July 7th. Raymond James Financial Inc. reaffirmed an “outperform” rating and issued a $9.25 target price on shares of Advantage Oil & Gas in a research note on Friday, May 27th. Finally, Royal Bank Of Canada reaffirmed 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 seven have assigned a buy rating to the stock. Advantage Oil & Gas presently has a consensus rating of “Buy” and a consensus target price of $9.53.

The firm has a 50-day moving average price of $5.83 and a 200-day moving average price of $5.46. The firm has a market capitalization of $1.21 billion and a price-to-earnings ratio of 46.86.

A number of hedge funds 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 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 worth $5,138,000 after buying an additional 435,700 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 worth $3,396,000 after buying an additional 126,364 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 worth $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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