National Bankshares Cuts Advantage Energy (TSE:AAV) Price Target to C$11.50

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price target reduced by National Bankshares from C$13.00 to C$11.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. National Bankshares’ price objective would suggest a potential upside of 24.06% from the company’s previous close.

A number of other research firms have also commented on AAV. Cormark raised Advantage Energy to a “moderate buy” rating in a research report on Monday. ATB Capital upped their price objective on shares of Advantage Energy from C$13.50 to C$14.00 in a research report on Wednesday, July 10th. 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 report on Wednesday, June 19th. 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. Finally, TD Securities reissued a “buy” rating and issued a C$14.00 price objective on shares of Advantage Energy in a research report on Friday, July 26th. Two equities research 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 currently has an average rating of “Moderate Buy” and an average price target of C$13.55.

Advantage Energy Stock Up 4.9 %

TSE AAV traded up C$0.43 during mid-day trading on Friday, hitting C$9.27. The company’s stock had a trading volume of 196,000 shares, compared to its average volume of 436,409. The firm has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 19.72, a PEG ratio of -3.58 and a beta of 1.48. The company’s 50 day simple moving average is C$9.45 and its 200 day simple moving average is C$10.14. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86. Advantage Energy has a twelve month low of C$8.02 and a twelve month high of C$11.73.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted 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 business had revenue of C$100.66 million during the quarter, compared to analyst estimates of C$108.50 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. Analysts anticipate that Advantage Energy will post 1.4695513 earnings per share for the current year.

Insider Buying and Selling at Advantage Energy

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