Advantage Energy (OTCMKTS:AAVVF) Reaches New 52-Week High – What’s Next?

Advantage Energy Ltd. (OTCMKTS:AAVVF)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $8.63 and last traded at $8.49, with a volume of 5474 shares changing hands. The stock had previously closed at $8.55.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Cormark raised shares of Advantage Energy to a “moderate buy” rating in a research report on Thursday, March 6th. Raymond James raised shares of Advantage Energy to a “moderate buy” rating in a research note on Monday, April 7th. Finally, Desjardins reaffirmed a “buy” rating on shares of Advantage Energy in a research note on Monday, May 5th.

Advantage Energy Stock Down 0.7%

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a 50 day simple moving average of $7.38 and a 200-day simple moving average of $6.93. The firm has a market cap of $1.42 billion, a PE ratio of 42.45 and a beta of 0.95.

Advantage Energy (OTCMKTS:AAVVF) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.31). The business had revenue of $154.11 million for the quarter, compared to analysts’ expectations of $209.10 million. Advantage Energy had a net margin of 8.62% and a return on equity of 2.88%. Sell-side analysts predict that Advantage Energy Ltd. will post 0.19 EPS for the current fiscal 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.