Advantage Energy (TSE:AAV) Price Target Raised to C$11.50

Advantage Energy (TSE:AAVFree Report) (NYSE:AAV) had its price objective lifted by CIBC from C$11.00 to C$11.50 in a report issued on Friday morning,BayStreet.CA reports.

Several other analysts have also recently issued reports on AAV. BMO Capital Markets increased their target price on Advantage Energy from C$12.00 to C$13.00 in a research report on Tuesday, January 14th. National Bank Financial cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. TD Securities reiterated a “buy” rating and set a C$13.00 target price on shares of Advantage Energy in a research report on Wednesday, October 9th. Cormark upgraded Advantage Energy to a “moderate buy” rating in a research report on Monday, September 23rd. Finally, National Bankshares cut their target price on Advantage Energy from C$13.00 to C$11.50 in a research report on Friday, September 27th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$13.45.

Check Out Our Latest Research Report on Advantage Energy

Advantage Energy Stock Performance

Shares of AAV opened at C$10.09 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 46.86. The business has a 50-day simple moving average of C$9.26 and a two-hundred day simple moving average of C$9.41. The stock has a market cap of C$1.68 billion, a price-to-earnings ratio of 21.47, a PEG ratio of -3.58 and a beta of 1.46. Advantage Energy has a 52 week low of C$8.24 and a 52 week high of C$11.73.

Advantage Energy (TSE:AAVGet Free Report) (NYSE:AAV) last issued its quarterly earnings results on Thursday, October 24th. The company reported C($0.04) EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). The company had revenue of C$144.86 million during the quarter, compared to analysts’ expectations of C$161.10 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. On average, analysts expect that Advantage Energy will post 1.4701493 EPS for the current year.

Insider Activity at Advantage Energy

In related news, Senior Officer Geoffrey Keyser acquired 4,000 shares of the stock in a transaction dated Monday, October 28th. The stock was acquired at an average cost of C$8.89 per share, with a total value of C$35,540.00. Also, Senior Officer Darren Tisdale acquired 3,000 shares of the stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of C$8.85 per share, with a total value of C$26,550.00. Over the last three months, insiders bought 54,047 shares of company stock valued at $476,272. Insiders own 1.55% of the company’s stock.

About Advantage Energy

(Get Free Report)

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.

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Analyst Recommendations for Advantage Energy (TSE:AAV)

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