Advantage Energy (TSE:AAV) Price Target Raised to C$13.00 at National Bankshares

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective increased by National Bankshares from C$12.50 to C$13.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on AAV. Desjardins raised their price target on shares of Advantage Energy from C$13.00 to C$13.50 and gave the company a buy rating in a research note on Monday, April 29th. Royal Bank of Canada lifted their target price on shares of Advantage Energy from C$11.00 to C$12.00 and gave the stock a sector perform rating in a research note on Wednesday. CIBC increased their price target on Advantage Energy from C$11.00 to C$12.00 and gave the stock a neutral rating in a report on Wednesday. Scotiabank boosted their target price on Advantage Energy from C$19.00 to C$20.00 and gave the company an outperform rating in a research report on Wednesday. Finally, BMO Capital Markets reissued an outperform rating and set a C$13.00 price target on shares of Advantage Energy in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of C$13.42.

Advantage Energy Stock Performance

AAV 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 firm has a market capitalization of C$1.66 billion, a PE ratio of 18.43, a P/E/G ratio of -3.58 and a beta of 1.61. The firm has a 50 day moving average of C$10.86 and a two-hundred day moving average 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 for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.03. Advantage Energy had a net margin of 18.74% and a return on equity of 6.06%. The company had revenue of C$139.38 million during the quarter, compared to analysts’ expectations of C$132.00 million. On average, analysts anticipate that Advantage Energy will post 0.5729702 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer Geoffrey Keyser acquired 3,000 shares of Advantage Energy stock in a transaction on Monday, June 17th. The stock was bought at an average price of C$10.15 per share, for a total transaction of C$30,450.00. In related news, Senior Officer Geoffrey Keyser purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was purchased at an average cost of C$10.15 per share, with a total value of C$30,450.00. Also, Director Stephen Balog bought 5,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were acquired at an average price of C$10.16 per share, for a total transaction of C$50,800.00. Insiders acquired a total of 13,000 shares of company stock worth $134,150 over the last 90 days. 1.53% of the stock is owned by 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.