Short Interest in Advantage Energy Ltd. (OTCMKTS:AAVVF) Drops By 33.0%

Advantage Energy Ltd. (OTCMKTS:AAVVFGet Rating) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,199,700 shares, a decrease of 33.0% from the March 15th total of 1,790,600 shares. Based on an average trading volume of 111,300 shares, the days-to-cover ratio is currently 10.8 days.

AAVVF opened at $8.12 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 4.95 and a beta of 1.87. Advantage Energy has a 12-month low of $2.46 and a 12-month high of $8.24. The business’s fifty day simple moving average is $6.15 and its 200-day simple moving average is $5.76.

Advantage Energy (OTCMKTS:AAVVFGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported $0.23 earnings per share for the quarter. The firm had revenue of $126.34 million during the quarter. Advantage Energy had a return on equity of 9.19% and a net margin of 94.29%.

Several equities analysts have commented on the company. Scotiabank upped their price objective on Advantage Energy from C$12.50 to C$13.00 in a research report on Tuesday, March 29th. Desjardins upped their price objective on Advantage Energy from C$10.50 to C$12.00 in a research report on Friday, April 1st. Raymond James upped their price objective on Advantage Energy from C$12.00 to C$13.00 in a research report on Tuesday, March 29th. National Bank Financial increased their price target on Advantage Energy from C$11.00 to C$12.50 in a research report on Thursday. Finally, Royal Bank of Canada increased their price target on Advantage Energy from C$8.50 to C$10.00 in a research report on Friday, April 8th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Advantage Energy presently has a consensus rating of “Buy” and a consensus price target of $11.08.

About Advantage Energy (Get Rating)

Advantage Energy Ltd., together with its subsidiaries, acquires, exploits, develops, and produces crude oil, natural gas, and natural gas liquids in the Province of Alberta, Canada. The company focuses on the development and production of oil and natural gas resource that includes 228 net sections covering an area of 145,920 net acres of Doig/Montney rights in Glacier, Valhalla, Progress, and Pipestone/Wembley.

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