Advantage Oil & Gas Ltd. (NYSE:AAV) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $7.42 and last traded at $7.41, with a volume of 83,895 shares changing hands. The stock had previously closed at $7.11.

AAV has been the topic of a number of research reports. TD Securities restated a “buy” rating on shares of Advantage Oil & Gas in a research note on Thursday, July 21st. Scotiabank restated an “outperform” rating and issued a $10.00 price objective on shares of Advantage Oil & Gas in a research note on Monday, August 8th. Royal Bank Of Canada lowered their price objective on Advantage Oil & Gas from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Monday, August 8th. BMO Capital Markets initiated coverage on Advantage Oil & Gas in a research note on Wednesday, July 20th. They issued an “outperform” rating and a $10.50 price objective on the stock. Finally, 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 research note on Monday, August 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $9.80.

The firm has a market capitalization of $1.36 billion and a P/E ratio of 388.158. The company has a 50-day moving average of $6.29 and a 200 day moving average of $5.68.

Advantage Oil & Gas (NYSE:AAV) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.20 EPS for the quarter. On average, equities research analysts forecast that Advantage Oil & Gas Ltd. will post $0.04 EPS for the current fiscal year.

A hedge fund recently raised its stake in Advantage Oil & Gas stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in Advantage Oil & Gas Ltd. (NYSE:AAV) by 88.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,317,794 shares of the company’s stock after buying an additional 1,557,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 1.94% of Advantage Oil & Gas worth $16,791,000 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.

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