Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) saw unusually large options trading activity on Thursday. Traders bought 1,000 call options on the company. This represents an increase of Infinity compared to the typical volume of 0 call options.

A number of brokerages have recently issued reports on AAV. Royal Bank Of Canada cut shares of Advantage Oil & Gas from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $12.00 to $11.00 in a report on Thursday, July 20th. Zacks Investment Research lowered shares of Advantage Oil & Gas from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub lowered shares of Advantage Oil & Gas from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. TheStreet upgraded shares of Advantage Oil & Gas from a “c” rating to a “b-” rating in a research report on Monday, August 7th. Finally, Scotiabank restated a “buy” rating and set a $11.50 target price on shares of Advantage Oil & Gas in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $9.75.

Several hedge funds have recently added to or reduced their stakes in AAV. Fiera Capital Corp raised its stake in Advantage Oil & Gas by 692.3% during the second quarter. Fiera Capital Corp now owns 1,786,590 shares of the oil and gas company’s stock worth $12,061,000 after buying an additional 1,561,090 shares during the last quarter. Montrusco Bolton Investments Inc. increased its stake in Advantage Oil & Gas by 12.3% in the third quarter. Montrusco Bolton Investments Inc. now owns 7,406,023 shares of the oil and gas company’s stock valued at $46,308,000 after purchasing an additional 812,405 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Advantage Oil & Gas by 127.8% during the third quarter. Canada Pension Plan Investment Board now owns 1,291,297 shares of the oil and gas company’s stock valued at $8,074,000 after buying an additional 724,433 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Advantage Oil & Gas by 155.7% during the second quarter. JPMorgan Chase & Co. now owns 1,130,075 shares of the oil and gas company’s stock valued at $7,628,000 after buying an additional 688,196 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Advantage Oil & Gas by 53.2% during the first quarter. Morgan Stanley now owns 1,548,511 shares of the oil and gas company’s stock valued at $10,220,000 after buying an additional 537,472 shares during the last quarter. 54.24% of the stock is owned by hedge funds and other institutional investors.

Shares of Advantage Oil & Gas (NYSE:AAV) opened at $5.70 on Friday. Advantage Oil & Gas has a 52-week low of $5.05 and a 52-week high of $7.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $1,050.00, a P/E ratio of 35.63 and a beta of 0.93.

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Advantage Oil & Gas Company Profile

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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