Advantage Energy (TSE:AAV) Sets New 52-Week High - Should You Buy?

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$12.49 and last traded at C$12.46, with a volume of 107464 shares traded. The stock had previously closed at C$12.14.

Analysts Set New Price Targets

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

Advantage Energy Stock Performance

The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72. The firm has a fifty day simple moving average of C$10.86 and a 200 day simple moving average of C$10.01. The company has a market cap of C$2.10 billion, a price-to-earnings ratio of 46.18, a P/E/G ratio of -3.58 and a beta of 1.46.

Insider Buying and Selling 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 shares were acquired at an average price of C$8.36 per share, for a total transaction of C$271,849.50. Corporate insiders own 1.55% of the company's stock.

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.