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

Shares of Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $9.20 and last traded at $9.15, with a volume of 4988 shares traded. The stock had previously closed at $8.98.

Wall Street Analyst Weigh In

AAVVF has been the topic of a number of recent analyst reports. Raymond James Financial raised Advantage Energy to a "moderate buy" rating in a research note on Monday, April 7th. Desjardins reiterated a "buy" rating on shares of Advantage Energy in a report on Monday, May 5th. Finally, Cormark upgraded Advantage Energy to a "moderate buy" rating in a report on Thursday, March 6th.

Advantage Energy Price Performance

The business's fifty day simple moving average is $7.82 and its 200 day simple moving average is $7.07. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -70.58 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.51 and a quick ratio of 0.51.

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.31). The company had revenue of $154.11 million during the quarter, compared to analysts' expectations of $209.10 million. Advantage Energy had a negative return on equity of 1.84% and a negative net margin of 5.68%. On average, research analysts forecast that Advantage Energy Ltd. will post 0.19 EPS for the current 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.