Zacks Investment Research cut shares of Advantage Oil & Gas (NYSE:AAV) (TSE:AAV) from a hold rating to a sell rating in a report issued on Tuesday.

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. “

AAV has been the topic of a number of other reports. BMO Capital Markets downgraded shares of Advantage Oil & Gas from an outperform rating to a market perform rating and set a $8.00 price target on the stock. in a report on Tuesday, October 10th. Royal Bank of Canada reissued a hold rating and set a $11.00 price target on shares of Advantage Oil & Gas in a report on Monday, September 25th. TheStreet downgraded shares of Advantage Oil & Gas from a b- rating to a c+ rating in a report on Thursday, October 5th. Finally, Scotiabank reissued a buy rating and set a $11.50 price target on shares of Advantage Oil & Gas in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have assigned 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 $9.44.

Shares of Advantage Oil & Gas (NYSE AAV) traded down $0.10 during midday trading on Tuesday, reaching $3.70. 565,400 shares of the company were exchanged, compared to its average volume of 398,090. Advantage Oil & Gas has a 12-month low of $3.60 and a 12-month high of $7.35. The stock has a market capitalization of $680.37, a P/E ratio of 13.21 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.78 and a quick ratio of 0.78.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Montrusco Bolton Investments Inc. lifted its holdings in Advantage Oil & Gas by 7.9% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 7,987,585 shares of the oil and gas company’s stock valued at $34,425,000 after purchasing an additional 581,562 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Advantage Oil & Gas by 80.4% during the third quarter. Janney Montgomery Scott LLC now owns 72,940 shares of the oil and gas company’s stock valued at $460,000 after purchasing an additional 32,500 shares in the last quarter. Jane Street Group LLC purchased a new position in Advantage Oil & Gas during the third quarter valued at $445,000. Magnetar Financial LLC purchased a new position in Advantage Oil & Gas during the third quarter valued at $840,000. Finally, Mackenzie Financial Corp lifted its holdings in Advantage Oil & Gas by 1.9% during the third quarter. Mackenzie Financial Corp now owns 9,918,536 shares of the oil and gas company’s stock valued at $62,487,000 after purchasing an additional 182,552 shares in the last quarter. 54.82% of the stock is currently owned by institutional investors and hedge funds.

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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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