Advantage Oil & Gas Ltd (AAV) Lowered to C+ at TheStreet

TheStreet downgraded shares of Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) from a b- rating to a c+ rating in a research report report published on Thursday morning.

Several other research firms have also issued reports on AAV. Royal Bank Of Canada lowered shares of Advantage Oil & Gas from an outperform rating to a sector perform rating and cut their price target for the stock from $12.00 to $11.00 in a report on Thursday, July 20th. Zacks Investment Research lowered shares of Advantage Oil & Gas from a buy rating to a hold rating in a report on Tuesday, July 18th. Finally, BidaskClub lowered shares of Advantage Oil & Gas from a buy rating to a hold rating in a report on Tuesday, July 25th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $9.75.

Shares of Advantage Oil & Gas (NYSE AAV) opened at 5.80 on Thursday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 22.57 and a beta of 0.99. The firm’s 50-day moving average price is $6.35 and its 200 day moving average price is $6.46. Advantage Oil & Gas has a 52 week low of $5.70 and a 52 week high of $7.88.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Nova Scotia grew its holdings in shares of Advantage Oil & Gas by 9.0% during the second quarter. Bank of Nova Scotia now owns 83,910 shares of the oil and gas company’s stock valued at $568,000 after buying an additional 6,900 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Advantage Oil & Gas by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 1,367,236 shares of the oil and gas company’s stock valued at $9,230,000 after buying an additional 33,149 shares during the last quarter. Castleton Investment Management LLC purchased a new stake in shares of Advantage Oil & Gas during the second quarter valued at $1,754,000. Goldman Sachs Group Inc. grew its holdings in shares of Advantage Oil & Gas by 12.4% during the second quarter. Goldman Sachs Group Inc. now owns 150,672 shares of the oil and gas company’s stock valued at $1,017,000 after buying an additional 16,648 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Advantage Oil & Gas by 22.8% during the second quarter. Citadel Advisors LLC now owns 16,197 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 3,008 shares during the last quarter. 53.81% of the stock is currently owned by institutional investors and hedge funds.

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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