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

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) hit a new 52-week high during trading on Tuesday . The stock 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.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Raymond James reduced their price objective on Advantage Energy from C$12.00 to C$11.00 in a report on Wednesday, April 9th. Cormark upgraded Advantage Energy to a “moderate buy” rating in a research note on Thursday, March 6th. Royal Bank of Canada lifted their target price on shares of Advantage Energy to C$11.00 and gave the company a “hold” rating in a report on Wednesday, April 9th. TD Cowen restated a “buy” rating and set a C$14.00 target price on shares of Advantage Energy in a research note on Friday, May 2nd. Finally, Desjardins increased their target price on Advantage Energy from C$13.50 to C$14.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Two research 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$13.63.

Advantage Energy Price Performance

The company has a market cap of C$2.07 billion, a price-to-earnings ratio of 45.45, a P/E/G ratio of -3.58 and a beta of 1.46. The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75. The company’s 50 day moving average price is C$10.56 and its 200 day moving average price is C$9.91.

Insider Buying and Selling

In related news, Director Daniel Stuart Farb purchased 32,500 shares of the stock in a transaction on Wednesday, April 9th. The shares were purchased at an average price of C$8.36 per share, with a total value of C$271,849.50. 1.55% of the stock is 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.