Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “Advantage Oil and Gas Ltd., formerly Advantage Energy Income Fund, is an intermediate oil and natural gas corporation, engaged in the exploration and development of oil and natural gas properties in Alberta and Saskatchewan in Canada. It focuses on developing the Montney natural gas resource play located at Glacier, Alberta. The Company’s properties are located in Alberta and Saskatchewan, and consist of liquids rich natural gas and light oil. The Company’s head office is located in Calgary, Alberta, Canada. “

Several other equities research analysts also recently issued reports on AAV. BidaskClub upgraded Advantage Oil & Gas from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Royal Bank Of Canada downgraded Advantage Oil & Gas from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $12.00 to $11.00 in a report on Thursday, July 20th. TheStreet upgraded Advantage Oil & Gas from a “c” rating to a “b-” rating in a report on Monday, August 7th. BMO Capital Markets downgraded Advantage Oil & Gas from an “outperform” rating to a “market perform” rating and set a $8.00 price target for the company. in a report on Tuesday. Finally, Scotiabank reiterated a “buy” rating and set a $11.50 price target on shares of Advantage Oil & Gas in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $9.75.

Advantage Oil & Gas (NYSE:AAV) traded down 1.75% during trading on Wednesday, hitting $5.60. 118,112 shares of the company traded hands. The firm has a market capitalization of $1.04 billion, a P/E ratio of 21.79 and a beta of 0.99. Advantage Oil & Gas has a 12-month low of $5.55 and a 12-month high of $7.88. The stock has a 50-day moving average price of $6.32 and a 200-day moving average price of $6.46.

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A number of large investors have recently made changes to their positions in AAV. Citadel Advisors LLC grew its stake in Advantage Oil & Gas by 22.8% in the 2nd quarter. Citadel Advisors LLC now owns 16,197 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 3,008 shares during the period. KCG Holdings Inc. grew its stake in Advantage Oil & Gas by 19.6% in the 1st quarter. KCG Holdings Inc. now owns 18,951 shares of the oil and gas company’s stock valued at $125,000 after purchasing an additional 3,100 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in Advantage Oil & Gas by 8.2% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 24,132 shares of the oil and gas company’s stock valued at $159,000 after purchasing an additional 1,834 shares during the period. Ingalls & Snyder LLC grew its stake in Advantage Oil & Gas by 117.7% in the 2nd quarter. Ingalls & Snyder LLC now owns 27,650 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 14,950 shares during the period. Finally, Legal & General Group Plc grew its stake in Advantage Oil & Gas by 4.0% in the 2nd quarter. Legal & General Group Plc now owns 31,034 shares of the oil and gas company’s stock valued at $210,000 after purchasing an additional 1,188 shares during the period. Hedge funds and other institutional investors own 53.81% 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. The Company focuses on the development of Montney resource play at Glacier, Alberta in Western Canada.

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