Advantage Energy (TSE:AAV) Sets New 1-Year High - Here's Why

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV's stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$11.72 and last traded at C$11.68, with a volume of 812655 shares changing hands. The stock had previously closed at C$11.22.

Wall Street Analyst Weigh In

AAV has been the subject of several analyst reports. Cormark raised Advantage Energy to a "moderate buy" rating in a research report on Thursday, March 6th. Royal Bank of Canada increased their price objective on shares of Advantage Energy to C$11.00 and gave the company a "hold" rating in a research report on Wednesday, April 9th. Raymond James dropped their target price on Advantage Energy from C$12.00 to C$11.00 in a research report on Wednesday, April 9th. CIBC raised 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, Desjardins increased their target price on Advantage Energy from C$13.50 to C$14.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$13.63.

Advantage Energy Trading Up 0.7%

The company has a market cap of C$1.91 billion, a P/E ratio of 41.95, a P/E/G ratio of -3.58 and a beta of 1.46. The business's 50-day moving average price is C$10.22 and its 200 day moving average price is C$9.76. The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75.

Insider Activity at Advantage Energy

In related news, Director Daniel Stuart Farb acquired 32,500 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The shares were acquired at an average price of C$8.36 per share, with a total value of C$271,849.50. Also, Director John Festival bought 20,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of C$9.18 per share, for a total transaction of C$183,600.00. Insiders bought 54,500 shares of company stock valued at $472,770 in the last three months. 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.