Advantage Energy (TSE:AAV) Reaches New 12-Month High – Should You Buy?

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

Analysts Set New Price Targets

AAV has been the subject of a number of research analyst reports. Natl Bk Canada cut shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. Desjardins decreased their target price on shares of Advantage Energy from C$15.00 to C$14.50 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, National Bankshares downgraded Advantage Energy from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$14.50 to C$14.00 in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$12.93.

Advantage Energy Stock Up 4.7%

The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75. The firm has a market cap of C$2.19 billion, a price-to-earnings ratio of 37.46, a PEG ratio of -3.58 and a beta of 0.11. The business’s 50 day moving average price is C$11.79 and its 200 day moving average price is C$11.46.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings results on Tuesday, October 28th. The company reported C$0.00 earnings per share (EPS) for the quarter. Advantage Energy had a net margin of 8.98% and a return on equity of 2.87%. The firm had revenue of C$137.96 million for the quarter. On average, equities analysts forecast that Advantage Energy Ltd. will post 1.4701493 EPS for the current year.

About Advantage Energy

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.