Brokerages Set Advantage Energy Ltd. (TSE:AAV) Target Price at C$13.21

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has earned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$13.21.

A number of brokerages have recently commented on AAV. TD Securities reaffirmed a “buy” rating and issued a C$13.00 price target on shares of Advantage Energy in a research note on Wednesday, October 9th. Cormark upgraded shares of Advantage Energy to a “moderate buy” rating in a report on Monday, September 23rd. BMO Capital Markets decreased their price target on shares of Advantage Energy from C$13.00 to C$12.00 in a report on Friday, October 4th. National Bankshares dropped their price objective on Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. Finally, National Bank Financial cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th.

Advantage Energy Price Performance

AAV opened at C$10.43 on Tuesday. The company has a fifty day moving average price of C$9.11 and a two-hundred day moving average price of C$9.43. The firm has a market capitalization of C$1.74 billion, a PE ratio of 22.19, a P/E/G ratio of -3.58 and a beta of 1.46. Advantage Energy has a 52 week low of C$8.24 and a 52 week high of C$11.73. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings data on Thursday, October 24th. The company reported C($0.04) EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. The company had revenue of C$144.86 million for the quarter, compared to analyst estimates of C$161.10 million. As a group, analysts anticipate that Advantage Energy will post 1.4701493 earnings per share for the current year.

Insider Transactions at Advantage Energy

In other Advantage Energy news, Senior Officer Darren Tisdale acquired 3,000 shares of Advantage Energy stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of C$8.85 per share, for a total transaction of C$26,550.00. Also, Senior Officer Geoffrey Keyser acquired 4,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was bought at an average price of C$8.89 per share, with a total value of C$35,540.00. Insiders bought 54,047 shares of company stock valued at $476,272 over the last three months. Company insiders own 1.55% of the company’s stock.

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.