Advantage Energy (TSE:AAV) Hits New 12-Month High – Still a Buy?

by · The Cerbat Gem

Advantage Energy Ltd. (TSE:AAV – Get Free Report) (NYSE:AAV)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$12.90 and last traded at C$12.88, with a volume of 46103 shares trading hands. The stock had previously closed at C$12.52.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Desjardins dropped their price target on shares of Advantage Energy from C$15.00 to C$14.50 and set a “buy” rating on the stock in a research note on Thursday, October 30th. National Bankshares cut shares of Advantage Energy from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$14.50 to C$14.00 in a research report on Wednesday, October 22nd. Finally, Natl Bk Canada lowered shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$12.93.

Get Our Latest Stock Report on AAV

Advantage Energy Stock Performance

The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40. The firm has a market cap of C$2.19 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of -3.58 and a beta of 0.11. The firm has a fifty day moving average price of C$11.79 and a 200 day moving average price of C$11.46.

Advantage Energy (TSE:AAV – Get Free Report) (NYSE:AAV) last posted its quarterly earnings results on Tuesday, October 28th. The company reported C$0.00 earnings per share for the quarter. Advantage Energy had a net margin of 8.98% and a return on equity of 2.87%. The business had revenue of C$137.96 million during the quarter. As a group, equities research analysts expect that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current fiscal year.

Advantage Energy Company Profile

(Get Free Report)

Advantage Energy Ltd supplies clean, affordable, reliable, and sustainable Canadian energy to power the needs of Canada and the world. It is focused on the development and delineation of its Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla, and Progress, Alberta.

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