Brokerages Set Advantage Energy Ltd. (TSE:AAV) PT at C$13.21

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$13.21.

AAV has been the topic of a number of research analyst reports. BMO Capital Markets cut their price target on shares of Advantage Energy from C$13.00 to C$12.00 in a report on Friday, October 4th. National Bank Financial downgraded shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. TD Securities reaffirmed a “buy” rating and set a C$13.00 price target on shares of Advantage Energy in a research note on Wednesday, October 9th. Cormark raised Advantage Energy to a “moderate buy” rating in a research note on Monday, September 23rd. Finally, CIBC restated a “neutral” rating and set a C$12.00 price objective on shares of Advantage Energy in a report on Thursday, August 29th.

Advantage Energy Stock Performance

Advantage Energy stock opened at C$8.82 on Friday. Advantage Energy has a 1-year low of C$8.14 and a 1-year high of C$11.73. The company’s 50-day moving average is C$9.04 and its 200 day moving average is C$9.67. The firm has a market capitalization of C$1.47 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company has a debt-to-equity ratio of 46.86, a current ratio of 0.76 and a quick ratio of 0.72.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings data on Thursday, October 24th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). The business had revenue of C$144.86 million for the quarter, compared to analysts’ expectations of C$161.10 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. Research analysts forecast that Advantage Energy will post 1.4701493 EPS for the current year.

Insider Buying and Selling at Advantage Energy

In other news, Senior Officer Geoffrey Keyser bought 4,000 shares of the stock in a transaction on Monday, October 28th. The stock was bought at an average cost of C$8.89 per share, for a total transaction of C$35,540.00. Also, Director John Festival purchased 20,000 shares of the business’s stock in a transaction on Friday, September 27th. The stock was purchased at an average cost of C$8.94 per share, for a total transaction of C$178,800.00. In the last 90 days, insiders have purchased 74,047 shares of company stock valued at $655,072. 1.55% of the stock is currently owned by corporate 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.