Advantage Energy Ltd. (OTCMKTS:AAVVF) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 852,100 shares, a decrease of 26.0% from the November 15th total of 1,152,100 shares. Based on an average daily volume of 61,400 shares, the days-to-cover ratio is presently 13.9 days.
Several equities analysts have recently commented on AAVVF shares. BMO Capital Markets upped their target price on Advantage Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a report on Friday, October 29th. Raymond James increased their price objective on Advantage Energy from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research report on Thursday, September 2nd. They noted that the move was a valuation call. National Bank Financial increased their price objective on Advantage Energy from C$5.50 to C$9.00 and gave the company an “outperform” rating in a research report on Wednesday, September 29th. Stifel Nicolaus cut their price objective on Advantage Energy from C$9.50 to C$8.25 and set a “buy” rating for the company in a research report on Wednesday, December 8th. Finally, TD Securities increased their price objective on Advantage Energy from C$7.50 to C$8.00 and gave the company a “buy” rating in a research report on Monday, November 1st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $8.19.
AAVVF opened at $4.85 on Friday. The stock has a fifty day moving average of $5.63 and a 200-day moving average of $4.59. The firm has a market capitalization of $925.52 million, a P/E ratio of 121.25 and a beta of 1.87. Advantage Energy has a 12-month low of $1.24 and a 12-month high of $6.66. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.21.
About Advantage Energy
Advantage Energy Ltd. engages in the development and production of natural gas and liquids. It focuses its operation in Glacier, Wembley, Valhalla, and Progress, Alberta. The company was founded on January 2, 1997 and is headquartered in Calgary, Canada.