Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

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. “

A number of other analysts also recently commented on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $11.00 target price on shares of Advantage Oil & Gas in a report on Monday, September 25th. Scotiabank reiterated a “buy” rating and issued a $11.50 target price on shares of Advantage Oil & Gas in a report on Tuesday, October 10th. BMO Capital Markets downgraded shares of Advantage Oil & Gas from an “outperform” rating to a “market perform” rating and set a $8.00 target price on the stock. in a report on Tuesday, October 10th. TheStreet downgraded shares of Advantage Oil & Gas from a “b-” rating to a “c+” rating in a report on Thursday, October 5th. Finally, BidaskClub upgraded shares of Advantage Oil & Gas from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $9.44.

Advantage Oil & Gas (NYSE AAV) remained flat at $$4.95 during midday trading on Thursday. The company had a trading volume of 66,100 shares, compared to its average volume of 101,020. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.12. Advantage Oil & Gas has a 1-year low of $4.90 and a 1-year high of $7.55. The firm has a market capitalization of $920.51, a P/E ratio of 30.94 and a beta of 0.93.

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Hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Advantage Oil & Gas by 5.1% during the second quarter. FMR LLC now owns 875,400 shares of the oil and gas company’s stock valued at $5,920,000 after acquiring an additional 42,800 shares during the period. Vanguard Group Inc. raised its holdings in shares of Advantage Oil & Gas by 4.6% during the second quarter. Vanguard Group Inc. now owns 3,762,620 shares of the oil and gas company’s stock valued at $25,398,000 after acquiring an additional 167,050 shares during the period. Castleton Investment Management LLC acquired a new stake in shares of Advantage Oil & Gas during the second quarter valued at approximately $1,754,000. Montrusco Bolton Investments Inc. raised its holdings in shares of Advantage Oil & Gas by 12.3% during 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 acquiring an additional 812,405 shares during the period. Finally, JPMorgan Chase & Co. raised 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 acquiring an additional 688,196 shares during the period. Institutional investors and hedge funds own 53.69% of the company’s stock.

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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