Shares of Advantage Oil & Gas Ltd. (NYSE:AAV) saw strong trading volume on Friday . 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.

Several research analysts have recently issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $9.00 price target on shares of Advantage Oil & Gas in a research report on Friday, April 15th. Raymond James Financial Inc. restated an “outperform” rating and issued a $9.25 price target on shares of Advantage Oil & Gas in a research report on Friday, May 27th. Scotiabank reaffirmed an “outperform” rating and set a $9.50 price objective on shares of Advantage Oil & Gas in a research note on Thursday, July 7th. TD Securities raised Advantage Oil & Gas to a “buy” rating and raised their price objective for the stock from $9.50 to $10.00 in a research note on Thursday, July 7th. Finally, BMO Capital Markets began coverage on Advantage Oil & Gas in a research note on Wednesday. They set an “outperform” rating and a $10.50 price objective on the stock. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $9.53.

The stock has a market cap of $1.21 billion and a PE ratio of 47.19. The stock’s 50 day moving average is $5.83 and its 200-day moving average is $5.46.

A hedge fund recently raised its stake in Advantage Oil & Gas stock. Russell Frank Co increased its stake in Advantage Oil & Gas Ltd. (NYSE:AAV) by 22.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 687,468 shares of the company’s stock after buying an additional 126,364 shares during the period. Russell Frank Co owned approximately 0.40% of Advantage Oil & Gas worth $3,396,000 at the end of the most recent reporting 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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