Advantage Oil & Gas Ltd (AAV) Receives Buy Rating from Scotiabank

Scotiabank reissued their buy rating on shares of Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) in a research report sent to investors on Tuesday morning. The firm currently has a $11.50 target price on the oil and gas company’s stock.

Other analysts have also recently issued reports about the company. TheStreet upgraded Advantage Oil & Gas from a c rating to a b- rating in a research report on Monday, August 7th. BidaskClub upgraded Advantage Oil & Gas from a hold rating to a buy rating in a research report on Wednesday, July 12th. 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 report on Monday, July 10th. Royal Bank Of Canada reiterated a hold rating and set a $11.00 price target on shares of Advantage Oil & Gas in a research report on Monday, September 25th. Finally, BMO Capital Markets cut Advantage Oil & Gas from an outperform rating to a market perform rating and set a $8.00 price target for the company. in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $9.75.

Advantage Oil & Gas (NYSE AAV) opened at 5.70 on Tuesday. The company has a market capitalization of $1.06 billion, a P/E ratio of 22.18 and a beta of 0.99. Advantage Oil & Gas has a 52-week low of $5.55 and a 52-week high of $7.88. The stock’s 50 day moving average price is $6.32 and its 200-day moving average price is $6.46.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in 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 worth $25,398,000 after buying an additional 167,050 shares during the last quarter. TD Asset Management Inc. boosted its stake in Advantage Oil & Gas by 3.2% during the second quarter. TD Asset Management Inc. now owns 3,581,790 shares of the oil and gas company’s stock worth $24,187,000 after buying an additional 109,598 shares during the last quarter. CIBC World Markets Inc. boosted its stake in Advantage Oil & Gas by 6.5% during the second quarter. CIBC World Markets Inc. now owns 1,886,638 shares of the oil and gas company’s stock worth $12,735,000 after buying an additional 115,593 shares during the last quarter. Fiera Capital Corp boosted 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. Finally, Morgan Stanley boosted its stake in 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 worth $10,220,000 after buying an additional 537,472 shares during the last quarter. 53.81% of the stock is currently owned by institutional investors.

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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