Advantage Oil & Gas Ltd. (NYSE:AAV)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $6.65, but opened at $6.70. Advantage Oil & Gas shares last traded at $6.84, with a volume of 71,608 shares traded.

A number of equities analysts have recently commented on the company. Credit Suisse Group AG set a $9.00 price objective on 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. 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. 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, RBC Capital Markets reiterated an “outperform” rating and issued a $11.00 target price (up previously from $9.00) on shares of Advantage Oil & Gas in a research note on Monday, August 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Advantage Oil & Gas currently has an average rating of “Buy” and a consensus target price of $9.80.

The firm has a market capitalization of $1.29 billion, a PE ratio of 366.84 and a beta of 1.84. The firm’s 50 day moving average price is $6.89 and its 200 day moving average price is $5.96.

Advantage Oil & Gas (NYSE:AAV) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.20 earnings per share for the quarter. Advantage Oil & Gas had a negative return on equity of 2.13% and a negative net margin of 5.42%. Equities research analysts forecast that Advantage Oil & Gas Ltd. will post $0.01 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Heathbridge Capital Management Ltd. purchased a new stake in Advantage Oil & Gas during the second quarter worth about $6,060,000. Renaissance Technologies LLC boosted its stake in Advantage Oil & Gas by 501.7% in the first quarter. Renaissance Technologies LLC now owns 194,996 shares of the company’s stock worth $1,071,000 after buying an additional 162,586 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in Advantage Oil & Gas by 31.4% in the first quarter. Burgundy Asset Management Ltd. now owns 20,749,264 shares of the company’s stock worth $114,056,000 after buying an additional 4,953,324 shares during the last quarter. TD Asset Management Inc. boosted its stake in Advantage Oil & Gas by 5.2% in the second quarter. TD Asset Management Inc. now owns 3,290,076 shares of the company’s stock worth $18,291,000 after buying an additional 164,100 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its stake in Advantage Oil & Gas by 17.6% in the first quarter. CIBC World Markets Inc. now owns 1,641,231 shares of the company’s stock worth $9,010,000 after buying an additional 245,340 shares during the last quarter. 57.02% of the stock is owned by hedge funds and other institutional investors.

About Advantage Oil & Gas

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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