Advantage Energy (TSE:AAV) Reaches New 12-Month Low – Here’s Why

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) reached a new 52-week low on Tuesday . The company 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.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. CIBC lifted their price objective on shares of Advantage Energy from C$11.00 to C$11.50 in a research report on Friday, January 17th. BMO Capital Markets lifted their price target on Advantage Energy from C$12.00 to C$13.00 in a report on Tuesday, January 14th. National Bankshares upgraded Advantage Energy from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$11.50 to C$15.00 in a research report on Thursday, January 30th. Raymond James set a C$12.00 target price on Advantage Energy and gave the company a “market perform” rating in a research report on Tuesday. Finally, Cormark upgraded Advantage Energy to a “moderate buy” rating in a research report on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$13.68.

Advantage Energy Stock Down 8.3 %

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 has a market cap of C$1.36 billion, a P/E ratio of 29.90, a P/E/G ratio of -3.58 and a beta of 1.46. The stock 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 related news, Senior Officer Geoffrey Keyser acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of C$9.10 per share, for a total transaction of C$27,300.00. Also, Director John Festival acquired 20,000 shares of Advantage Energy stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of C$9.18 per share, with a total value of C$183,600.00. 1.55% of the stock is owned by corporate insiders.

About Advantage Energy

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.