Shares of Advantage Oil & Gas Ltd. (TSE:AAV) (NYSE:AAV) dropped 2.3% on Wednesday . The stock traded as low as C$5.89 and last traded at C$5.90. Approximately 1,342,149 shares changed hands during trading, an increase of 135% from the average daily volume of 572,152 shares. The stock had previously closed at C$6.04.

AAV has been the topic of several recent analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and set a C$8.00 target price on shares of Advantage Oil & Gas in a research note on Tuesday, October 10th. CSFB cut their target price on Advantage Oil & Gas from C$10.75 to C$10.25 in a research note on Friday, November 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$10.78.

In other news, insider Andy Mah sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of C$8.01, for a total value of C$120,150.00. Also, insider Donald Craig Blackwood sold 10,000 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of C$8.25, for a total value of C$82,500.00. Insiders sold a total of 29,600 shares of company stock worth $240,232 in the last three months.

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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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