Advantage Energy (TSE:AAV) Price Target Raised to C$11.00

Advantage Energy (TSE:AAV) (NYSE:AAV) had its target price raised by Royal Bank of Canada to C$11.00 in a report published on Wednesday morning,Stock Target Advisor reports. The brokerage currently has a hold rating on the stock.

A number of other brokerages also recently issued reports on AAV. National Bank Financial upgraded Advantage Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 20th. Raymond James set a C$12.00 price target on Advantage Energy and gave the company a “market perform” rating in a report on Tuesday. BMO Capital Markets boosted their price objective on Advantage Energy from C$12.00 to C$13.00 in a report on Tuesday, January 14th. National Bankshares raised shares of Advantage Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$11.50 to C$15.00 in a research note on Thursday, January 30th. Finally, CIBC lifted their target price on shares of Advantage Energy from C$11.00 to C$11.50 in a research report on Friday, January 17th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$13.50.

Advantage Energy Stock Performance

Advantage Energy stock opened at C$9.01 on Wednesday. The firm’s 50 day simple moving average is C$9.67 and its 200 day simple moving average is C$9.41. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40. Advantage Energy has a 1-year low of C$7.81 and a 1-year high of C$11.73. The firm has a market capitalization of C$1.50 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46.

Insider Activity

In related news, Senior Officer Geoffrey Keyser purchased 3,000 shares of Advantage Energy stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of C$9.10 per share, for a total transaction of C$27,300.00. Also, Director John Festival purchased 20,000 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was bought at an average cost of C$9.18 per share, for a total transaction of C$183,600.00. In the last 90 days, insiders acquired 57,500 shares of company stock valued at $500,070. Corporate 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.