Advantage Energy (TSE:AAV) Sets New 12-Month High at $6.31

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$6.31 and last traded at C$6.29, with a volume of 485325 shares traded. The stock had previously closed at C$6.00.

Several research firms have weighed in on AAV. CIBC boosted their target price on shares of Advantage Energy from C$6.00 to C$7.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 1st. Raymond James boosted their target price on shares of Advantage Energy from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a research report on Thursday, September 2nd. Tudor Pickering & Holt set a C$5.50 price objective on shares of Advantage Energy and gave the company a “buy” rating in a research note on Wednesday, September 1st. Scotiabank decreased their price objective on shares of Advantage Energy from C$7.50 to C$7.25 in a research note on Tuesday, August 10th. Finally, TD Securities lifted their price objective on shares of Advantage Energy from C$5.50 to C$6.50 and gave the company a “buy” rating in a research note on Thursday, September 2nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$5.89.

The company has a debt-to-equity ratio of 21.09, a current ratio of 0.66 and a quick ratio of 0.62. The stock’s fifty day moving average price is C$5.14 and its 200-day moving average price is C$4.18. The firm has a market cap of C$1.19 billion and a PE ratio of 107.76.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings data on Thursday, July 29th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.06 by C($0.02). On average, sell-side analysts anticipate that Advantage Energy Ltd. will post 0.61 earnings per share for the current fiscal year.

In related news, Senior Officer Andy Mah sold 75,000 shares of Advantage Energy stock in a transaction on Friday, July 9th. The shares were sold at an average price of C$4.92, for a total value of C$369,000.00. Following the transaction, the insider now directly owns 1,310,624 shares in the company, valued at approximately C$6,448,270.08. Also, Senior Officer Donald Craig Blackwood sold 50,000 shares of the firm’s stock in a transaction on Wednesday, June 30th. The shares were sold at an average price of C$4.94, for a total value of C$247,000.00. Following the completion of the sale, the insider now directly owns 789,195 shares of the company’s stock, valued at approximately C$3,898,623.30. Insiders sold 200,000 shares of company stock worth $985,000 in the last ninety days.

Advantage Energy Company Profile (TSE:AAV)

Advantage Energy Ltd., together with its subsidiaries, acquires, exploits, develops, and produces crude oil, and natural gas and liquids in the Province of Alberta, Canada. The company focuses on the development and production of its Montney natural gas and liquids resource that includes 216 net sections of land in Glacier, Pipestone/Wembley, Progress, and Valhalla, Alberta.

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