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

A number of research analysts recently issued reports on the stock. Raymond James Financial Inc. restated an “outperform” rating and set a $9.25 target price on shares of Advantage Oil & Gas in a research report on Friday, May 27th. TD Securities upgraded shares of Advantage Oil & Gas to a “buy” rating and boosted their target price for the company from $9.50 to $10.00 in a research report on Thursday, July 7th. Scotiabank restated an “outperform” rating and set a $9.50 target price on shares of Advantage Oil & Gas in a research report on Thursday, July 7th. BMO Capital Markets assumed coverage on shares of Advantage Oil & Gas in a research report on Wednesday, July 20th. They set an “outperform” rating and a $10.50 target price for the company. Finally, Credit Suisse Group AG set a $9.00 target price on shares of Advantage Oil & Gas and gave the company a “hold” rating in a research report on Friday, August 5th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Advantage Oil & Gas presently has an average rating of “Buy” and a consensus target price of $9.80.

The firm has a 50-day moving average price of $6.39 and a 200 day moving average price of $5.70. The stock has a market capitalization of $1.34 billion and a price-to-earnings ratio of 381.58.

Advantage Oil & Gas (NYSE:AAV) last posted its earnings results on Friday, August 5th. The company reported $0.20 EPS for the quarter. Analysts expect that Advantage Oil & Gas Ltd. will post $0.01 EPS for the current year.

A hedge fund recently raised its stake in Advantage Oil & Gas stock. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Advantage Oil & Gas Ltd. (NYSE:AAV) by 88.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 1.94% of Advantage Oil & Gas worth $16,791,000 as of its most recent filing with the SEC.

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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