Advantage Energy (OTCMKTS:AAVVF) Reaches New 12-Month High – Still a Buy?

Shares of Advantage Energy Ltd. (OTCMKTS:AAVVFGet Free Report) hit a new 52-week high on Friday . The stock traded as high as $9.25 and last traded at $9.25, with a volume of 9025 shares. The stock had previously closed at $8.9335.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AAVVF shares. Zacks Research downgraded Advantage Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Natl Bk Canada downgraded shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Finally, Wall Street Zen cut shares of Advantage Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Get Our Latest Report on Advantage Energy

Advantage Energy Trading Up 6.3%

The stock has a 50-day moving average of $8.42 and a two-hundred day moving average of $8.28. The company has a market cap of $1.59 billion, a P/E ratio of 38.00 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.40 and a current ratio of 0.40.

Advantage Energy (OTCMKTS:AAVVFGet Free Report) last released its earnings results on Tuesday, October 28th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. Advantage Energy had a return on equity of 3.75% and a net margin of 9.39%.The firm had revenue of $93.92 million for the quarter, compared to analysts’ expectations of $160.90 million. On average, equities research analysts predict that Advantage Energy Ltd. will post 0.19 earnings per share for the current year.

About Advantage Energy

(Get Free Report)

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.

Further Reading

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