Advantage Energy (TSE:AAV) Hits New 12-Month High Following Earnings Beat

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) reached a new 52-week high on Friday following a better than expected earnings announcement. The company traded as high as C$11.14 and last traded at C$10.76, with a volume of 127450 shares traded. The stock had previously closed at C$10.73.

The company reported C$0.14 EPS for the quarter, topping the consensus estimate of C$0.11 by C$0.03. The firm had revenue of C$139.38 million during the quarter, compared to analysts’ expectations of C$132.00 million. Advantage Energy had a return on equity of 6.43% and a net margin of 19.94%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AAV. Raymond James lowered their target price on Advantage Energy from C$13.00 to C$11.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. Desjardins lowered their target price on Advantage Energy from C$13.25 to C$13.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. National Bankshares raised their target price on Advantage Energy from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research note on Friday, April 19th. Stifel Nicolaus lowered their target price on Advantage Energy from C$14.50 to C$13.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Finally, Scotiabank raised their target price on Advantage Energy from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Advantage Energy has an average rating of “Moderate Buy” and a consensus price target of C$12.68.

Insider Activity

In other Advantage Energy news, Director John Larry Festival acquired 40,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were acquired at an average price of C$9.95 per share, for a total transaction of C$398,000.00. 1.27% of the stock is currently owned by company insiders.

Advantage Energy Trading Up 1.0 %

The company has a market cap of C$1.73 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of -3.58 and a beta of 1.65. The company has a debt-to-equity ratio of 22.74, a quick ratio of 0.72 and a current ratio of 1.25. The firm has a fifty day moving average price of C$10.06 and a 200 day moving average price of C$9.49.

Advantage Energy Company Profile

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.