Advantage Oil & Gas Ltd. (NYSE:AAV) shares hit a new 52-week high on Thursday . The stock traded as high as $6.87 and last traded at $6.80, with a volume of 91,314 shares. The stock had previously closed at $6.65.

AAV has been the topic of several recent analyst reports. TD Securities upgraded shares of Advantage Oil & Gas to a “buy” rating and upped their target price for the stock from $9.50 to $10.00 in a research report on Thursday, July 7th. BMO Capital Markets restated a “buy” rating and set a $10.50 target price on shares of Advantage Oil & Gas in a research report on Friday, August 5th. Credit Suisse Group AG set a $9.00 target price on shares of Advantage Oil & Gas and gave the stock a “hold” rating in a research report on Friday, August 5th. FirstEnergy Capital restated an “outperform” rating and set a $10.25 target price (up from $10.00) on shares of Advantage Oil & Gas in a research report on Wednesday. Finally, Scotiabank restated an “outperform” rating and set a $10.00 target price on shares of Advantage Oil & Gas in a research report on Monday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Advantage Oil & Gas has an average rating of “Buy” and an average price target of $9.80.

The stock’s 50-day moving average is $6.07 and its 200 day moving average is $5.62. The stock has a market cap of $1.25 billion and a price-to-earnings ratio of 356.32.

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

An institutional investor recently raised its position in Advantage Oil & Gas stock. Russell Frank Co boosted its stake in shares of Advantage Oil & Gas Ltd. (NYSE:AAV) by 22.5% during the fourth quarter, according to its most recent 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 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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