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

Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) reached a new 52-week low 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 have recently weighed in on the company. Zacks Investment Research raised Advantage Oil & Gas from a “sell” rating to a “hold” rating in a research note on Thursday, November 23rd. Scotiabank reissued a “buy” rating and issued a $11.50 price objective on shares of Advantage Oil & Gas in a research note on Tuesday, October 10th. BMO Capital Markets downgraded Advantage Oil & Gas from an “outperform” rating to a “market perform” rating and set a $8.00 price objective on the stock. in a research note on Tuesday, October 10th. TheStreet downgraded Advantage Oil & Gas from a “b-” rating to a “c+” rating in a research note on Thursday, October 5th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $11.00 price objective on shares of Advantage Oil & Gas in a research note on Monday, September 25th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Advantage Oil & Gas has a consensus rating of “Hold” and an average price target of $9.44.

The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $673.15, a P/E ratio of 13.52 and a beta of 0.86.

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in shares of Advantage Oil & Gas in the 3rd quarter valued at approximately $445,000. FMR LLC raised its stake in shares of Advantage Oil & Gas by 5.1% in the 2nd quarter. FMR LLC now owns 875,400 shares of the oil and gas company’s stock valued at $5,920,000 after acquiring an additional 42,800 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Advantage Oil & Gas by 1.9% in the 3rd quarter. Mackenzie Financial Corp now owns 9,918,536 shares of the oil and gas company’s stock valued at $62,487,000 after acquiring an additional 182,552 shares in the last quarter. Magnetar Financial LLC bought a new position in Advantage Oil & Gas in the 3rd quarter worth approximately $840,000. Finally, TD Asset Management Inc. increased its position in Advantage Oil & Gas by 2.7% in the 3rd quarter. TD Asset Management Inc. now owns 3,677,390 shares of the oil and gas company’s stock worth $22,994,000 after buying an additional 95,600 shares during the period. 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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