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

Several analysts have recently commented on the stock. Credit Suisse Group AG set a $9.00 price objective on shares of Advantage Oil & Gas and gave the company a “hold” rating in a research report on Friday, August 5th. FirstEnergy Capital restated an “outperform” rating and set a $10.25 price objective (up from $10.00) on shares of Advantage Oil & Gas in a research report on Wednesday. RBC Capital Markets restated an “outperform” rating and set a $11.00 price objective (up from $9.00) on shares of Advantage Oil & Gas in a research report on Monday, August 8th. Scotiabank restated an “outperform” rating and set a $10.00 price objective on shares of Advantage Oil & Gas in a research report on Monday, August 8th. Finally, TD Securities restated a “buy” rating and set a $10.00 price objective on shares of Advantage Oil & Gas in a research report on Monday, August 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $9.80.

The company has a 50-day moving average price of $6.14 and a 200 day moving average price of $5.64. The firm has a market capitalization of $1.27 billion and a price-to-earnings ratio of 361.58.

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 anticipate that Advantage Oil & Gas Ltd. will post $0.14 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Advantage Oil & Gas stock. I.G. Investment Management LTD. raised its stake in shares of Advantage Oil & Gas Ltd. (NYSE:AAV) by 37.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 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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