Advantage Energy (TSE:AAV) Sets New 1-Year High – What’s Next?

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) shares reached a new 52-week high on Monday . The stock traded as high as C$11.84 and last traded at C$11.60, with a volume of 14559 shares. The stock had previously closed at C$11.68.

Analyst Upgrades and Downgrades

AAV has been the topic of several research reports. Cormark upgraded shares of Advantage Energy to a “moderate buy” rating in a report on Thursday, March 6th. CIBC upped their price objective on shares of Advantage Energy from C$11.50 to C$12.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Raymond James lowered their price objective on shares of Advantage Energy from C$12.00 to C$11.00 in a report on Wednesday, April 9th. TD Cowen restated a “buy” rating and set a C$14.00 price objective on shares of Advantage Energy in a report on Friday, May 2nd. Finally, Desjardins upped their price objective on shares of Advantage Energy from C$13.50 to C$14.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$13.63.

Advantage Energy Stock Performance

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 stock has a market cap of C$1.94 billion, a P/E ratio of 42.57, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company’s 50 day moving average price is C$10.28 and its 200-day moving average price is C$9.83.

Insider Activity at Advantage Energy

In related news, Director Daniel Stuart Farb purchased 32,500 shares of Advantage Energy stock in a transaction that occurred on Wednesday, April 9th. The stock was bought at an average price of C$8.36 per share, for a total transaction of C$271,849.50. 1.55% of the stock is owned by company insiders.

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.