Advantage Oil & Gas Sees Unusually High Options Volume (NYSE:AAV)

Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) saw unusually large options trading on Thursday. Stock investors bought 1,000 call options on the stock. This represents an increase of Infinity compared to the average daily volume of 0 call options.

Several analysts recently weighed in on the company. TheStreet cut Advantage Oil & Gas from a “b-” rating to a “c+” rating in a report on Thursday, October 5th. Zacks Investment Research cut Advantage Oil & Gas from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Scotiabank reaffirmed a “buy” rating and issued a $11.50 price objective on shares of Advantage Oil & Gas in a report on Tuesday, October 10th. BidaskClub cut Advantage Oil & Gas from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, BMO Capital Markets cut Advantage Oil & Gas from an “outperform” rating to a “market perform” rating and set a $8.00 price objective for the company. in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $9.44.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Magnetar Financial LLC bought a new stake in shares of Advantage Oil & Gas during the 3rd quarter valued at about $840,000. Mackenzie Financial Corp raised its stake in shares of Advantage Oil & Gas by 1.9% in the third quarter. Mackenzie Financial Corp now owns 9,918,536 shares of the oil and gas company’s stock worth $62,487,000 after purchasing an additional 182,552 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of Advantage Oil & Gas by 242.5% in the third quarter. Citadel Advisors LLC now owns 55,470 shares of the oil and gas company’s stock worth $349,000 after purchasing an additional 39,273 shares during the last quarter. K2 Principal Fund L.P. bought a new position in shares of Advantage Oil & Gas in the third quarter valued at approximately $2,348,000. Finally, TD Asset Management Inc. grew its holdings in shares of Advantage Oil & Gas by 2.7% in 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 acquiring an additional 95,600 shares in the last quarter. Hedge funds and other institutional investors own 54.98% of the company’s stock.

Shares of Advantage Oil & Gas (AAV) opened at $5.65 on Tuesday. Advantage Oil & Gas has a 52-week low of $5.05 and a 52-week high of $7.55. The firm has a market capitalization of $1,097.18, a price-to-earnings ratio of 36.88 and a beta of 0.93. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.12.

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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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