Advantage Energy (TSE:AAV) Sets New 1-Year High - Still a Buy?

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV's stock price reached a new 52-week high during trading on Monday . The company traded as high as C$12.75 and last traded at C$12.61, with a volume of 14975 shares changing hands. The stock had previously closed at C$12.68.

Wall Street Analyst Weigh In

AAV has been the subject of a number of recent analyst reports. Raymond James Financial dropped their price objective on Advantage Energy from C$12.00 to C$11.00 in a research note on Wednesday, April 9th. TD Cowen restated a "buy" rating and issued a C$14.00 price target on shares of Advantage Energy in a research note on Friday, May 2nd. Cormark raised shares of Advantage Energy to a "moderate buy" rating in a report on Thursday, March 6th. CIBC boosted their target price on shares of Advantage Energy from C$11.50 to C$12.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Royal Bank Of Canada upped their target price on shares of Advantage Energy to C$11.00 and gave the stock a "hold" rating in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$12.85.

Advantage Energy Stock Down 1.0%

The business has a 50-day moving average price of C$10.92 and a 200 day moving average price of C$10.05. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40. The stock has a market capitalization of C$1.99 billion, a P/E ratio of 43.63, a P/E/G ratio of -3.58 and a beta of 1.46.

Insider Activity at Advantage Energy

In related news, Director Daniel Stuart Farb acquired 32,500 shares of the stock in a transaction dated Wednesday, April 9th. The stock was acquired at an average cost of C$8.36 per share, with a total value of C$271,849.50. 1.55% of the stock is owned by insiders.

Advantage Energy Company Profile

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.