Advantage Energy (TSE:AAV) Sets New 12-Month High Following Analyst Upgrade

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s share price hit a new 52-week high during trading on Thursday after National Bankshares raised their price target on the stock from C$12.50 to C$13.00. National Bankshares currently has an outperform rating on the stock. Advantage Energy traded as high as C$10.60 and last traded at C$10.38, with a volume of 773543 shares traded. The stock had previously closed at C$10.32.

A number of other research firms have also recently weighed in on AAV. BMO Capital Markets reaffirmed an “outperform” rating and set a C$13.00 price target on shares of Advantage Energy in a research note on Monday, April 8th. TD Securities reaffirmed a “buy” rating and set a C$14.00 price target on shares of Advantage Energy in a research note on Wednesday. Royal Bank of Canada upped 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. Desjardins upped 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. Finally, Scotiabank upped their price target on shares of Advantage Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$13.42.

Insider Transactions at Advantage Energy

In other Advantage Energy news, Director Stephen Balog purchased 5,000 shares of the business’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, for a total transaction of C$50,800.00. In other Advantage Energy news, Senior Officer Geoffrey Keyser purchased 3,000 shares of the business’s stock in a transaction that occurred 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. Also, Director Stephen Balog purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was acquired at an average price of C$10.16 per share, for a total transaction of C$50,800.00. Insiders have purchased a total of 13,000 shares of company stock worth $134,150 in the last three months. Company insiders own 1.53% of the company’s stock.

Advantage Energy Price Performance

The company has a market cap of C$1.66 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of -3.58 and a beta of 1.61. The business’s 50 day moving average price is C$10.86 and its 200-day moving average price is C$9.81. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 25.01.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings data on Thursday, April 25th. The company reported C$0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.03. The company had revenue of C$139.38 million for the quarter, compared to analyst estimates of C$132.00 million. Advantage Energy had a net margin of 18.74% and a return on equity of 6.06%. As a group, analysts forecast that Advantage Energy Ltd. will post 0.5729702 earnings per share for the current year.

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.