Advantage Energy (TSE:AAV) Given “Buy” Rating at TD Securities

TD Securities restated their buy rating on shares of Advantage Energy (TSE:AAV) (NYSE:AAV) in a research note released on Wednesday, Stock Target Advisor reports. They currently have a C$14.00 price target on the stock.

Several other equities analysts have also issued reports on the company. BMO Capital Markets reaffirmed an outperform rating and set a C$13.00 price objective on shares of Advantage Energy in a report on Monday, April 8th. CIBC lifted their price target on Advantage Energy from C$10.50 to C$11.00 and gave the stock a neutral rating in a research report on Monday, April 22nd. National Bankshares increased their price objective on Advantage Energy from C$12.00 to C$12.50 and gave the company an outperform rating in a report on Friday, April 19th. Scotiabank raised their target price on shares of Advantage Energy from C$16.00 to C$17.00 and gave the stock a sector perform rating in a research report on Tuesday, March 5th. Finally, Royal Bank of Canada upped their price target on shares of Advantage Energy from C$10.00 to C$11.00 and gave the company a sector perform rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Advantage Energy has an average rating of Moderate Buy and an average target price of C$13.42.

Advantage Energy Stock Performance

Shares of AAV stock opened at C$10.32 on Wednesday. Advantage Energy has a 12 month low of C$7.74 and a 12 month high of C$11.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 25.01. The company has a market cap of C$1.66 billion, a P/E ratio of 18.43, a PEG ratio of -3.58 and a beta of 1.61. The firm has a fifty day moving average price of C$10.86 and a 200 day moving average price of C$9.80.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its quarterly earnings data on Thursday, April 25th. The company reported C$0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.11 by C$0.03. The business 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 6.06% and a net margin of 18.74%. Sell-side analysts predict that Advantage Energy will post 0.5729702 earnings per share for the current fiscal year.

Insider Activity

In other Advantage Energy news, Director Stephen Balog acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were purchased at an average price of C$10.16 per share, with a total value of C$50,800.00. In related news, Director Stephen Balog purchased 5,000 shares of Advantage Energy stock in a transaction dated Tuesday, June 18th. The stock was bought at an average cost of C$10.16 per share, for a total transaction of C$50,800.00. Also, Senior Officer Geoffrey Keyser bought 3,000 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were purchased at an average price of C$10.15 per share, for a total transaction of C$30,450.00. Insiders acquired 13,000 shares of company stock valued at $134,150 in the last three months. 1.53% of the stock is currently owned by company insiders.

About Advantage Energy

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.