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Advantage Oil & Gas (NYSE:AAV) shares hit a new 52-week high during trading on Thursday , American Banking News reports. The stock traded as high as $6.81 and last traded at $6.72, with a volume of 511,470 shares. The stock had previously closed at $6.38.

A number of analysts have recently weighed in on AAV shares. Analysts at RBC Capital upgraded shares of Advantage Oil & Gas from a “sector perform” rating to an “outperform” rating in a research note on Monday. They now have a $8.50 price target on the stock, up previously from $7.00. They noted that the move was a valuation call. Separately, analysts at TD Securities raised their price target on shares of Advantage Oil & Gas from C$7.00 to C$8.00 in a research note on Friday, May 16th. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Advantage Oil & Gas from C$7.25 to C$8.00 in a research note on Wednesday, May 14th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $6.72.

The stock’s 50-day moving average is $5.97 and its 200-day moving average is $4.70. The company’s market cap is $1.149 billion.

Advantage Oil & Gas Ltd. (NYSE:AAV) is an intermediate oil and natural gas exploration and production company with properties located in Western Canada.

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