Advantage Oil & Gas (AAV) Hits New 52-Week Low at $3.68

Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) reached a new 52-week low during trading on Wednesday . The company traded as low as $3.68 and last traded at $3.90, with a volume of 208700 shares. The stock had previously closed at $4.05.

A number of equities research analysts recently commented on AAV shares. Zacks Investment Research raised shares of Advantage Oil & Gas from a “sell” rating to a “hold” rating in a report on Thursday, November 23rd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $11.00 price target on shares of Advantage Oil & Gas in a report on Monday, September 25th. Scotiabank reaffirmed a “buy” rating and issued a $11.50 price target on shares of Advantage Oil & Gas in a report on Tuesday, October 10th. BMO Capital Markets cut 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. Finally, TheStreet cut shares of Advantage Oil & Gas from a “b-” rating to a “c+” rating in a report on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $9.44.

The company has a market cap of $675.96, a PE ratio of 13.52 and a beta of 0.86. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.12.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp boosted its position 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 buying an additional 182,552 shares during the period. Montrusco Bolton Investments Inc. boosted its position in 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 buying an additional 812,405 shares during the period. Vanguard Group Inc. boosted its position 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 valued at $25,398,000 after buying an additional 167,050 shares during the period. TD Asset Management Inc. boosted its position in Advantage Oil & Gas by 2.7% during the third quarter. TD Asset Management Inc. now owns 3,677,390 shares of the oil and gas company’s stock valued at $22,994,000 after buying an additional 95,600 shares during the period. Finally, Fiera Capital Corp boosted its position 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 valued at $12,061,000 after buying an additional 1,561,090 shares during the period. Institutional investors and hedge funds own 54.82% of the company’s stock.

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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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