Advantage Energy (OTCMKTS:AAVVF) Reaches New 52-Week High – Time to Buy?

Shares of Advantage Energy Ltd. (OTCMKTS:AAVVF) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $9.25 and last traded at $9.25, with a volume of 9025 shares traded. The stock had previously closed at $8.9335.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Natl Bk Canada downgraded Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Zacks Research lowered Advantage Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Finally, Wall Street Zen lowered shares of Advantage Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Advantage Energy Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.40 and a quick ratio of 0.40. The company has a fifty day moving average of $8.44 and a 200-day moving average of $8.30. The firm has a market cap of $1.53 billion, a P/E ratio of 36.68 and a beta of 0.91.

Advantage Energy (OTCMKTS:AAVVF) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Advantage Energy had a net margin of 9.39% and a return on equity of 3.75%. The business had revenue of $93.92 million for the quarter, compared to analyst estimates of $160.90 million. On average, sell-side analysts anticipate that Advantage Energy Ltd. will post 0.19 EPS for the current fiscal year.

Advantage Energy Company Profile

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. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.