Advantage Oil & Gas Ltd. (NYSE:AAV) shares traded up 2.6% during trading on Tuesday . The stock traded as high as $6.71 and last traded at $6.70, with a volume of 62,788 shares. The stock had previously closed at $6.53.

Several research analysts have commented on the company. Credit Suisse Group AG set a $9.00 target price on Advantage Oil & Gas and gave the stock a “hold” rating in a research note on Friday, August 5th. FirstEnergy Capital reissued an “outperform” rating and set a $10.25 target price (up previously from $10.00) on shares of Advantage Oil & Gas in a research note on Wednesday, August 10th. RBC Capital Markets reissued an “outperform” rating and set a $11.00 target price (up previously from $9.00) on shares of Advantage Oil & Gas in a research note on Monday, August 8th. Scotiabank reissued an “outperform” rating and set a $10.00 target price on shares of Advantage Oil & Gas in a research note on Monday, August 8th. Finally, TD Securities reissued a “buy” rating and set a $10.00 target price on shares of Advantage Oil & Gas in a research note on Monday, August 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Advantage Oil & Gas currently has a consensus rating of “Buy” and an average target price of $9.80.

The company’s 50 day moving average is $6.87 and its 200 day moving average is $5.95. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 352.63 and a beta of 1.84.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/advantage-oil-gas-ltd-aav-trading-2-6-higher.html

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Addenda Capital Inc. increased its position in shares of Advantage Oil & Gas by 3.1% in the first quarter. Addenda Capital Inc. now owns 1,251,080 shares of the company’s stock valued at $6,897,000 after buying an additional 37,160 shares in the last quarter. CIBC World Markets Inc. increased its stake in shares of 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 period. Burgundy Asset Management Ltd. increased its stake in shares of 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 period. Renaissance Technologies LLC increased its stake in shares of 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 period. Finally, Creative Planning increased its stake in shares of Advantage Oil & Gas by 2.8% in the second quarter. Creative Planning now owns 57,190 shares of the company’s stock worth $320,000 after buying an additional 1,583 shares during the period. Institutional investors and hedge funds own 57.17% 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.

5 Day Chart for NYSE:AAV

Receive News & Ratings for Advantage Oil & Gas Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advantage Oil & Gas Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.