Advantage Energy (TSE:AAV) Hits New 12-Month High - What's Next?

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV shares reached a new 52-week high during trading on Tuesday . The company 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.

Analysts Set New Price Targets

AAV has been the subject of several recent analyst reports. Cormark raised Advantage Energy to a "moderate buy" rating in a report on Thursday, March 6th. Royal Bank of Canada boosted their price objective on shares of Advantage Energy to C$11.00 and gave the stock a "hold" rating in a research report on Wednesday, April 9th. TD Cowen restated a "buy" rating and issued a C$14.00 target price on shares of Advantage Energy in a report on Friday, May 2nd. Desjardins lifted their price target on shares of Advantage Energy from C$13.50 to C$14.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Raymond James 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. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$13.63.

Advantage Energy Stock Up 2.5%

The firm has a market capitalization of C$1.94 billion, a PE ratio of 42.53, a PEG ratio of -3.58 and a beta of 1.46. The business's fifty day moving average price is C$10.25 and its 200 day moving average price is C$9.78. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40.

Insider Buying and Selling

In other Advantage Energy news, Director John Festival acquired 20,000 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average price of C$9.18 per share, with a total value of C$183,600.00. Also, Director Daniel Stuart Farb bought 32,500 shares of the company's stock in a transaction on 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. Insiders purchased a total of 54,500 shares of company stock valued at $472,770 over the last three months. 1.55% of the stock is currently owned by company 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.