Advantage Oil & Gas Ltd. (NYSE:AAV) shares traded up 2.3% during mid-day trading on Tuesday . The company traded as high as $7.16 and last traded at $7.16, with a volume of 114,731 shares. The stock had previously closed at $7.00.

A number of research analysts recently issued reports on the company. RBC Capital Markets reaffirmed an “outperform” rating and set a $11.00 target price (up from $9.00) on shares of Advantage Oil & Gas in a report on Monday, August 8th. Scotiabank reaffirmed an “outperform” rating and set a $10.00 target price on shares of Advantage Oil & Gas in a report on Monday, August 8th. TD Securities reaffirmed a “buy” rating and set a $10.00 target price on shares of Advantage Oil & Gas in a report on Monday, August 8th. Royal Bank Of Canada lowered their target price on Advantage Oil & Gas from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Monday, August 8th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $10.50 target price on shares of Advantage Oil & Gas in a report on Friday, August 5th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $9.80.

The firm has a market capitalization of $1.31 billion and a PE ratio of 374.21. The company has a 50 day moving average price of $6.29 and a 200 day moving average price of $5.68.

Advantage Oil & Gas (NYSE:AAV) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.20 EPS for the quarter. Equities research analysts predict that Advantage Oil & Gas Ltd. will post $0.04 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 position in 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 (SEC). 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 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.

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