Advantage Energy (OTCMKTS:AAVVF) Sets New 1-Year High – Time to Buy?

Advantage Energy Ltd. (OTCMKTS:AAVVF) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $104.6950 and last traded at $104.6950, with a volume of 132713 shares changing hands. The stock had previously closed at $8.71.

Analysts Set New Price Targets

AAVVF has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Advantage Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Zacks Research cut Advantage Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Advantage Energy Trading Up 1,102.0%

The business has a fifty day moving average price of $8.28 and a 200 day moving average price of $8.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $17.48 billion, a price-to-earnings ratio of 418.78 and a beta of 0.82.

Advantage Energy (OTCMKTS:AAVVF) last posted its earnings results on Tuesday, October 28th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. Advantage Energy had a net margin of 9.39% and a return on equity of 3.78%. The firm had revenue of $93.92 million during the quarter, compared to analysts’ expectations of $160.90 million. As a group, equities analysts forecast that Advantage Energy Ltd. will post 0.19 earnings per share for the current year.

About Advantage Energy

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.