Advantage Oil & Gas Ltd. (NYSE:AAV) dropped 4.4% during trading on Monday . The stock traded as low as $6.25 and last traded at $6.27, with a volume of 67,432 shares changing hands. The stock had previously closed at $6.56.

AAV has been the subject of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $9.00 price target on shares of Advantage Oil & Gas in a report on Friday, April 15th. Raymond James Financial Inc. reaffirmed an “outperform” rating and issued a $9.25 price target on shares of Advantage Oil & Gas in a report on Friday, May 27th. TD Securities raised Advantage Oil & Gas to a “buy” rating and increased their price target for the company from $9.50 to $10.00 in a report on Thursday, July 7th. Scotiabank reaffirmed an “outperform” rating and issued a $9.50 price target on shares of Advantage Oil & Gas in a report on Thursday, July 7th. Finally, BMO Capital Markets initiated coverage on Advantage Oil & Gas in a report on Wednesday, July 20th. They issued an “outperform” rating and a $10.50 price target for the company. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $9.53.

The stock has a 50 day moving average of $5.83 and a 200-day moving average of $5.46. The firm has a market capitalization of $1.15 billion and a P/E ratio of 44.82.

A hedge fund recently raised its stake in Advantage Oil & Gas stock. I.G. Investment Management LTD. increased its stake in Advantage Oil & Gas Ltd. (NYSE:AAV) by 37.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,089,606 shares of the company’s stock after buying an additional 1,378,622 shares during the period. I.G. Investment Management LTD. owned 2.98% of Advantage Oil & Gas worth $25,871,000 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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