Advantage Energy (TSE:AAV) Reaches New 1-Year Low - Should You Sell?

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$8.26 and last traded at C$8.27, with a volume of 470465 shares trading hands. The stock had previously closed at C$8.95.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Cormark raised Advantage Energy to a "moderate buy" rating in a research note on Thursday, March 6th. Royal Bank of Canada raised their target price on shares of Advantage Energy to C$11.00 and gave the company a "hold" rating in a report on Wednesday. National Bankshares raised shares of Advantage Energy from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$11.50 to C$15.00 in a report on Thursday, January 30th. National Bank Financial raised shares of Advantage Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 20th. Finally, CIBC upped their target price on Advantage Energy from C$11.00 to C$11.50 in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$13.50.

Remove Ads

Advantage Energy Stock Up 7.0 %

The firm has a market cap of C$1.50 billion, a price-to-earnings ratio of 32.81, a PEG ratio of -3.58 and a beta of 1.46. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40. The firm has a fifty day moving average price of C$9.67 and a 200-day moving average price of C$9.41.

Insiders Place Their Bets

In other news, Director John Festival acquired 20,000 shares of the company's stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of C$9.18 per share, for a total transaction of C$183,600.00. Also, Director Daniel Stuart Farb bought 32,500 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The stock was purchased at an average cost of C$8.36 per share, for a total transaction of C$271,849.50. In the last ninety days, insiders have acquired 57,500 shares of company stock valued at $500,070. Insiders own 1.55% of the company's stock.

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.