Advantage Oil & Gas Ltd. (NYSE:AAV) shares traded up 1.3% during mid-day trading on Tuesday . The company traded as high as $6.29 and last traded at $6.19, with a volume of 51,275 shares changing hands. The stock had previously closed at $6.11.

Several research firms have recently weighed in on AAV. TD Securities reaffirmed a “buy” rating on shares of Advantage Oil & Gas in a research report on Thursday, July 21st. BMO Capital Markets began coverage on Advantage Oil & Gas in a research report on Wednesday, July 20th. They set an “outperform” rating and a $10.50 price objective for the company. Scotiabank reaffirmed an “outperform” rating and set a $9.50 price objective 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 price objective 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 price objective on shares of Advantage Oil & Gas in a research report on Friday, April 15th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $9.53.

The company’s 50-day moving average is $5.88 and its 200 day moving average is $5.54. The stock has a market capitalization of $1.15 billion and a PE ratio of 45.22.

An institutional investor recently raised its position in Advantage Oil & Gas stock. Russell Frank Co increased its position in shares of 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 (SEC). The firm owned 687,468 shares of the company’s stock after buying an additional 126,364 shares during the period. Russell Frank Co owned 0.40% of Advantage Oil & Gas worth $3,396,000 at the end of the most recent 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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