Advantage Oil & Gas Ltd. (NYSE:AAV)’s share price traded up 2.3% on Tuesday . The stock traded as high as $7.16 and last traded at $7.16, with a volume of 114,731 shares trading hands. The stock had previously closed at $7.00.

Several research firms have weighed in on AAV. Credit Suisse Group AG set a $9.00 price objective on shares of Advantage Oil & Gas and gave the stock a “hold” rating in a report on Friday, August 5th. FirstEnergy Capital restated an “outperform” rating and issued a $10.25 price objective (up from $10.00) on shares of Advantage Oil & Gas in a report on Wednesday, August 10th. RBC Capital Markets restated an “outperform” rating and issued a $11.00 price objective (up from $9.00) on shares of Advantage Oil & Gas in a report on Monday, August 8th. Scotiabank restated an “outperform” rating and issued a $10.00 price objective on shares of Advantage Oil & Gas in a report on Monday, August 8th. Finally, TD Securities restated a “buy” rating and issued a $10.00 price objective on shares of Advantage Oil & Gas in a report on Monday, August 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Advantage Oil & Gas currently has an average rating of “Buy” and a consensus target price of $9.80.

The company’s 50-day moving average price is $6.19 and its 200-day moving average price is $5.65. The company has a market cap of $1.33 billion and a PE ratio of 380.00.

Advantage Oil & Gas (NYSE:AAV) last released its earnings results on Friday, August 5th. The company reported $0.20 earnings per share (EPS) for the quarter. On average, analysts predict that Advantage Oil & Gas Ltd. will post $0.14 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have made changes to their positions in the stock. Russell Frank Co boosted its position in shares of Advantage Oil & Gas by 22.5% in the fourth quarter. Russell Frank Co now owns 687,468 shares of the company’s stock worth $3,396,000 after buying an additional 126,364 shares during the period. I.G. Investment Management LTD. raised its stake in shares of Advantage Oil & Gas by 37.1% in the fourth quarter. I.G. Investment Management LTD. now owns 5,089,606 shares of the company’s stock worth $25,871,000 after buying an additional 1,378,622 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Advantage Oil & Gas by 88.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,317,794 shares of the company’s stock worth $16,791,000 after buying an additional 1,557,900 shares during the 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.

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