Advantage Energy (TSE:AAV) Reaches New 1-Year Low – Here’s Why

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as C$9.21 and last traded at C$9.41, with a volume of 117245 shares traded. The stock had previously closed at C$9.68.

Analysts Set New Price Targets

AAV has been the topic of a number of analyst reports. BMO Capital Markets cut shares of Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price objective on the stock. in a research note on Tuesday, April 7th. ATB Cormark Capital Markets downgraded shares of Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and lowered their price target for the stock from C$15.00 to C$14.00 in a report on Friday, February 13th. Finally, National Bank Financial upgraded shares of Advantage Energy from a “hold” rating to an “outperform” rating and raised their price target for the company from C$14.00 to C$15.00 in a research report on Friday, February 13th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Advantage Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$13.88.

Advantage Energy Stock Down 2.4%

The company has a market cap of C$1.59 billion, a price-to-earnings ratio of 30.48, a PEG ratio of -3.58 and a beta of -0.25. The business has a fifty day moving average of C$10.74 and a two-hundred day moving average of C$11.31. The company has a current ratio of 0.39, a quick ratio of 0.72 and a debt-to-equity ratio of 52.03.

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.