Advantage Energy (TSE:AAV) Reaches New 12-Month Low – Time to Sell?

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$8.26 and last traded at C$8.27, with a volume of 470465 shares. The stock had previously closed at C$8.95.

Analyst Ratings Changes

Several brokerages have issued reports on AAV. National Bank Financial raised shares of Advantage Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 20th. CIBC raised their price target on shares of Advantage Energy from C$11.00 to C$11.50 in a report on Friday, January 17th. Raymond James set a C$12.00 price target on shares of Advantage Energy and gave the stock a “market perform” rating in a research note on Tuesday. BMO Capital Markets upped their price objective on shares of Advantage Energy from C$12.00 to C$13.00 in a research report on Tuesday, January 14th. Finally, Cormark raised Advantage Energy to a “moderate buy” rating in a research report on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$13.68.

Advantage Energy Trading Down 8.3 %

The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40. The company has a market cap of C$1.36 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The firm has a 50-day moving average price of C$9.75 and a 200 day moving average price of C$9.43.

Insider Buying and Selling

In other Advantage Energy news, Director John Festival acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of C$9.18 per share, for a total transaction of C$183,600.00. Also, Senior Officer Geoffrey Keyser bought 3,000 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was acquired at an average cost of C$9.10 per share, for a total transaction of C$27,300.00. 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.