Advantage Energy (TSE:AAV) Sets New 12-Month High Following Analyst Upgrade

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s stock price hit a new 52-week high during mid-day trading on Monday after Raymond James raised their price target on the stock from C$11.00 to C$13.00. Raymond James currently has an outperform rating on the stock. Advantage Energy traded as high as C$9.51 and last traded at C$9.39, with a volume of 5193 shares. The stock had previously closed at C$9.39.

AAV has been the topic of several other research reports. Desjardins set a C$13.50 price objective on shares of Advantage Energy and gave the company a “buy” rating in a report on Tuesday, August 22nd. CIBC boosted their target price on Advantage Energy from C$10.00 to C$10.50 in a research note on Friday, July 14th. National Bankshares reduced their target price on Advantage Energy from C$12.00 to C$11.00 in a research report on Thursday, June 29th. BMO Capital Markets cut Advantage Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, July 13th. Finally, National Bank Financial lowered their target price on Advantage Energy to C$11.00 in a research note on Thursday, June 29th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$12.75.

Advantage Energy Stock Performance

The firm’s 50 day moving average price is C$9.21 and its 200-day moving average price is C$8.29. The company has a debt-to-equity ratio of 17.17, a quick ratio of 0.72 and a current ratio of 1.01. The firm has a market capitalization of C$1.56 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of -3.58 and a beta of 1.86.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its earnings results on Thursday, July 27th. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.06). The business had revenue of C$93.38 million during the quarter, compared to analysts’ expectations of C$135.00 million. Advantage Energy had a return on equity of 11.81% and a net margin of 29.03%. On average, research analysts expect that Advantage Energy Ltd. will post 1.226614 EPS for the current year.

About Advantage Energy

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. The company's assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.