Advantage Oil & Gas Ltd (AAV) Downgraded to “Sell” at BidaskClub

BidaskClub lowered shares of Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) from a hold rating to a sell rating in a report released on Tuesday.

Several other research firms have also commented on AAV. Royal Bank Of Canada lowered shares of Advantage Oil & Gas from an outperform rating to a sector perform rating and lowered their price target for the stock from $12.00 to $11.00 in a research 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $9.75.

Advantage Oil & Gas (AAV) remained flat at $6.45 during mid-day trading on Tuesday. The company’s stock had a trading volume of 62,708 shares. The stock’s 50-day moving average is $6.76 and its 200-day moving average is $6.43. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 25.90 and a beta of 0.97. Advantage Oil & Gas has a 12 month low of $5.70 and a 12 month high of $7.88.

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Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC raised its position in shares of Advantage Oil & Gas by 22.8% in the second quarter. Citadel Advisors LLC now owns 16,197 shares of the oil and gas company’s stock worth $109,000 after buying an additional 3,008 shares in the last quarter. KCG Holdings Inc. raised its position in shares of Advantage Oil & Gas by 19.6% in the first quarter. KCG Holdings Inc. now owns 18,951 shares of the oil and gas company’s stock worth $125,000 after buying an additional 3,100 shares in the last quarter. K.J. Harrison & Partners Inc bought a new position in shares of Advantage Oil & Gas during the first quarter worth about $133,000. Dynamic Technology Lab Private Ltd raised its position in shares of Advantage Oil & Gas by 8.2% in the first quarter. Dynamic Technology Lab Private Ltd now owns 24,132 shares of the oil and gas company’s stock worth $159,000 after buying an additional 1,834 shares in the last quarter. Finally, Ingalls & Snyder LLC raised its position in shares of Advantage Oil & Gas by 117.7% in the second quarter. Ingalls & Snyder LLC now owns 27,650 shares of the oil and gas company’s stock worth $187,000 after buying an additional 14,950 shares in the last quarter. Hedge funds and other institutional investors own 55.15% 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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