Shares of Advantage Oil & Gas Ltd. (NYSE:AAV) (TSE:AAV) have been given an average rating of “Buy” by the nine ratings firms that are presently covering the firm. Nine analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $10.25.

A number of brokerages have issued reports on AAV. Credit Suisse Group AG raised shares of Advantage Oil & Gas from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $9.00 to $11.00 in a report on Friday, October 14th. TD Securities reissued a “buy” rating on shares of Advantage Oil & Gas in a report on Thursday, July 21st. Scotiabank reissued an “outperform” 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 shares of 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, RBC Capital Markets reissued an “outperform” rating and set a $12.00 target price on shares of Advantage Oil & Gas in a report on Saturday, October 15th.

Advantage Oil & Gas (NYSE:AAV) opened at 6.75 on Friday. Advantage Oil & Gas has a 52 week low of $4.17 and a 52 week high of $7.88. The stock has a 50 day moving average price of $7.05 and a 200-day moving average price of $6.43. The company has a market capitalization of $1.25 billion, a PE ratio of 337.50 and a beta of 1.07.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Credit Suisse AG raised its position in shares of Advantage Oil & Gas by 21.4% in the third quarter. Credit Suisse AG now owns 304,644 shares of the company’s stock valued at $2,142,000 after buying an additional 53,646 shares during the period. 1832 Asset Management L.P. bought a new position in shares of Advantage Oil & Gas during the third quarter valued at about $2,544,000. The Manufacturers Life Insurance Company bought a new position in shares of Advantage Oil & Gas during the third quarter valued at about $6,084,000. Two Sigma Advisers LP increased its stake in Advantage Oil & Gas by 4.0% in the third quarter. Two Sigma Advisers LP now owns 51,464 shares of the company’s stock valued at $362,000 after buying an additional 1,964 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Advantage Oil & Gas during the third quarter valued at $205,000. Institutional investors own 57.39% of the company’s stock.

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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