Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV)‘s stock had its “hold” rating reiterated by Royal Bank Of Canada in a report released on Monday. They presently have a $11.00 price objective on the oil and gas company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 66.67% from the company’s previous close.

AAV has been the subject of several other reports. BidaskClub upgraded Advantage Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded Advantage Oil & Gas from a “hold” rating to a “buy” rating and set a $7.25 price target for the company in a research note on Monday, July 10th. Finally, TheStreet upgraded Advantage Oil & Gas from a “c” rating to a “b-” rating in a research note on Monday, August 7th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $9.75.

Advantage Oil & Gas (NYSE:AAV) traded up 0.76% during midday trading on Monday, hitting $6.65. The stock had a trading volume of 40,759 shares. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 25.88 and a beta of 1.02. Advantage Oil & Gas has a 1-year low of $5.70 and a 1-year high of $7.88. The firm has a 50-day moving average price of $6.42 and a 200-day moving average price of $6.44.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of Nova Scotia boosted its stake in Advantage Oil & Gas by 9.0% in the 2nd quarter. Bank of Nova Scotia now owns 83,910 shares of the oil and gas company’s stock valued at $568,000 after purchasing an additional 6,900 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Advantage Oil & Gas by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,367,236 shares of the oil and gas company’s stock valued at $9,230,000 after purchasing an additional 33,149 shares during the period. Castleton Investment Management LLC bought a new stake in Advantage Oil & Gas in the 2nd quarter valued at $1,754,000. Goldman Sachs Group Inc. boosted its stake in Advantage Oil & Gas by 12.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 150,672 shares of the oil and gas company’s stock valued at $1,017,000 after purchasing an additional 16,648 shares during the period. Finally, Citadel Advisors LLC boosted 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. Institutional investors and hedge funds 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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