Advantage Energy (TSE:AAV) Given a C$11.50 Price Target at National Bank Financial

Advantage Energy (TSE:AAV) (NYSE:AAV) received a C$11.50 price objective from analysts at National Bank Financial in a research report issued to clients and investors on Friday, Stock Target Advisor reports. National Bank Financial’s price target indicates a potential upside of 24.86% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the company. Scotiabank increased their price target on Advantage Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 19th. TD Securities reissued a “buy” rating and set a C$14.00 price target on shares of Advantage Energy in a research report on Friday, July 26th. Royal Bank of Canada increased their price target on Advantage Energy from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 19th. Cormark raised Advantage Energy to a “moderate buy” rating in a research report on Monday. Finally, CIBC reaffirmed a “neutral” rating and issued a C$12.00 target price on shares of Advantage Energy in a report on Thursday, August 29th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$13.38.

Advantage Energy Stock Performance

TSE:AAV traded up C$0.37 on Friday, hitting C$9.21. The company’s stock had a trading volume of 343,700 shares, compared to its average volume of 437,195. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86. The stock has a fifty day moving average of C$9.45 and a two-hundred day moving average of C$10.14. The firm has a market capitalization of C$1.54 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of -3.58 and a beta of 1.48. Advantage Energy has a one year low of C$8.02 and a one year high of C$11.73.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its earnings results on Thursday, July 25th. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04). The firm had revenue of C$100.66 million for the quarter, compared to the consensus estimate of C$108.50 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. Research analysts predict that Advantage Energy will post 1.4695513 earnings per share for the current year.

Insider Activity

In related news, Director Jill Terilee Angevine bought 24,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was acquired at an average cost of C$9.91 per share, with a total value of C$237,919.20. In other Advantage Energy news, Director John Festival acquired 20,000 shares of the stock in a transaction dated Friday, September 27th. The stock was purchased at an average cost of C$8.94 per share, with a total value of C$178,800.00. Also, Director Jill Terilee Angevine acquired 24,000 shares of the stock in a transaction dated Wednesday, July 10th. The stock was acquired at an average cost of C$9.91 per share, with a total value of C$237,919.20. In the last ninety days, insiders bought 69,435 shares of company stock worth $658,321. Insiders own 1.53% of the company’s stock.

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.