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

Several research firms have recently issued reports on AAV. 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. 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. BMO Capital Markets reaffirmed a “buy” rating and set a $10.50 price objective on shares of Advantage Oil & Gas in a research report on Friday. 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. Finally, Credit Suisse Group AG set a $9.00 price objective on Advantage Oil & Gas and gave the stock a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Advantage Oil & Gas has an average rating of “Buy” and a consensus price target of $9.58.

The company has a market capitalization of $1.23 billion and a P/E ratio of 48.33. The firm has a 50 day moving average price of $5.98 and a 200-day moving average price of $5.57.

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

A hedge fund recently raised its stake in Advantage Oil & Gas stock. I.G. Investment Management LTD. raised its position in Advantage Oil & Gas Ltd. (NYSE:AAV) by 37.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 about 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.