Advantage Energy (OTCMKTS:AAVVF) Sets New 12-Month High - What's Next?

Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $8.50 and last traded at $8.42, with a volume of 88266 shares changing hands. The stock had previously closed at $8.22.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AAVVF. Desjardins restated a "buy" rating on shares of Advantage Energy in a research report on Monday, May 5th. Cormark raised Advantage Energy to a "moderate buy" rating in a research note on Thursday, March 6th. Finally, Raymond James raised Advantage Energy to a "moderate buy" rating in a research note on Monday, April 7th.

Advantage Energy Price Performance

The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.40 billion, a PE ratio of 41.75 and a beta of 0.89. The company has a fifty day moving average of $7.34 and a 200-day moving average of $6.90.

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.31). The firm had revenue of $154.11 million during the quarter, compared to analysts' expectations of $209.10 million. Advantage Energy had a net margin of 8.62% and a return on equity of 2.88%. Sell-side analysts expect that Advantage Energy Ltd. will post 0.19 EPS for the current fiscal 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. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.