Advantage Oil & Gas Ltd. (NYSE:AAV)’s share price reached a new 52-week high on Friday . The stock traded as high as $6.79 and last traded at $6.67, with a volume of 154,556 shares trading hands. The stock had previously closed at $6.45.

Several equities analysts have weighed in on the stock. Credit Suisse Group AG set a $9.00 target price on shares of Advantage Oil & Gas and gave the company a “hold” rating in a report on Friday. TD Securities reiterated a “buy” rating on shares of Advantage Oil & Gas in a report on Thursday, July 21st. BMO Capital Markets assumed coverage on shares of Advantage Oil & Gas in a report on Wednesday, July 20th. They issued an “outperform” rating and a $10.50 target price on the stock. Scotiabank reiterated an “outperform” rating and issued a $9.50 target price on shares of Advantage Oil & Gas in a report on Thursday, July 7th. Finally, Raymond James Financial Inc. reiterated an “outperform” rating and issued a $9.25 target price on shares of Advantage Oil & Gas in a report on Friday, May 27th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $9.58.

The firm has a market cap of $1.23 billion and a P/E ratio of 48.69. The stock has a 50 day moving average price of $5.94 and a 200-day moving average price of $5.56.

Advantage Oil & Gas (NYSE:AAV) last issued its earnings results on Friday, August 5th. The company reported $0.20 earnings per share (EPS) for the quarter. Equities research analysts predict that Advantage Oil & Gas Ltd. will post $0.10 earnings per share for the current year.

An institutional investor recently raised its position in Advantage Oil & Gas stock. I.G. Investment Management LTD. boosted its position in Advantage Oil & Gas Ltd. (NYSE:AAV) by 37.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund 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 approximately 2.98% of Advantage Oil & Gas worth $25,871,000 as of its most recent filing with the SEC.

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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