Advantage Energy (TSE:AAV) Price Target Raised to C$20.00

Advantage Energy (TSE:AAV) (NYSE:AAV) had its target price raised by Scotiabank from C$19.00 to C$20.00 in a report issued on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

AAV has been the topic of a number of other research reports. Royal Bank of Canada lifted their price target 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. BMO Capital Markets reissued an outperform rating and issued a C$13.00 target price on shares of Advantage Energy in a research note on Monday, April 8th. Desjardins raised their price target on shares of Advantage Energy from C$13.00 to C$13.50 and gave the stock a buy rating in a research note on Monday, April 29th. TD Securities reiterated a buy rating and issued a C$14.00 price objective on shares of Advantage Energy in a research note on Wednesday. Finally, CIBC boosted their price target on Advantage Energy from C$11.00 to C$12.00 and gave the company a neutral rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of C$13.42.

Advantage Energy Stock Down 0.9 %

Shares of AAV opened at C$10.32 on Wednesday. The company has a debt-to-equity ratio of 25.01, a quick ratio of 0.72 and a current ratio of 0.72. The company has a 50-day simple moving average of C$10.86 and a 200-day simple moving average of C$9.80. Advantage Energy has a 52 week low of C$7.74 and a 52 week high of C$11.73. The firm has a market capitalization of C$1.66 billion, a P/E ratio of 18.43, a P/E/G ratio of -3.58 and a beta of 1.61.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings results on Thursday, April 25th. The company reported C$0.14 EPS for the quarter, beating the consensus estimate of C$0.11 by C$0.03. Advantage Energy had a return on equity of 6.06% and a net margin of 18.74%. The firm had revenue of C$139.38 million during the quarter, compared to analysts’ expectations of C$132.00 million. On average, equities research analysts expect that Advantage Energy will post 0.5729702 earnings per share for the current year.

Insiders Place Their Bets

In related news, Senior Officer Geoffrey Keyser bought 3,000 shares of the company’s stock in a transaction on Monday, June 17th. The stock was bought at an average cost of C$10.15 per share, with a total value of C$30,450.00. In other news, Senior Officer Geoffrey Keyser bought 3,000 shares of the stock in a transaction dated Monday, June 17th. The stock was bought at an average cost of C$10.15 per share, with a total value of C$30,450.00. Also, Director Donald M. Clague bought 5,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were purchased at an average price of C$10.58 per share, with a total value of C$52,900.00. Insiders have purchased a total of 13,000 shares of company stock valued at $134,150 in the last 90 days. 1.53% of the stock is currently owned by insiders.

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.