Analysts Set Advantage Energy Ltd. (TSE:AAV) Target Price at C$13.85

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$13.85.

AAV has been the topic of a number of recent analyst reports. National Bankshares raised Advantage Energy from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$11.50 to C$15.00 in a research report on Thursday, January 30th. BMO Capital Markets upped 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 raised Advantage Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 20th. CIBC raised their price target on Advantage Energy from C$11.00 to C$11.50 in a report on Friday, January 17th. Finally, Cormark upgraded shares of Advantage Energy to a “moderate buy” rating in a report on Thursday, March 6th.

Insider Buying and Selling

In related news, Director John Festival acquired 20,000 shares of Advantage Energy stock in a transaction on Monday, March 10th. The stock was acquired at an average price of C$9.18 per share, for a total transaction of C$183,600.00. Also, Senior Officer Geoffrey Keyser bought 3,000 shares of the stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of C$9.10 per share, for a total transaction of C$27,300.00. 1.55% of the stock is owned by corporate insiders.

Advantage Energy Trading Up 0.4 %

TSE AAV opened at C$10.60 on Friday. Advantage Energy has a 52 week low of C$8.27 and a 52 week high of C$11.73. The company has a 50 day moving average price of C$9.68 and a 200 day moving average price of C$9.36. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40. The firm has a market cap of C$1.76 billion, a PE ratio of 38.60, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46.

Advantage Energy Company Profile

Advantage Energy Ltd supplies clean, affordable, reliable, and sustainable Canadian energy to power the needs of Canada and the world. It is focused on the development and delineation of its Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla, and Progress, Alberta.