Advantage Energy (TSE:AAV) Given New C$20.00 Price Target at Scotiabank

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price target boosted by Scotiabank from C$19.00 to C$20.00 in a research report released on Wednesday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other research firms have also recently weighed in on AAV. BMO Capital Markets restated an outperform rating and issued a C$13.00 price objective on shares of Advantage Energy in a research report on Monday, April 8th. TD Securities reaffirmed a buy rating and set a C$14.00 price objective on shares of Advantage Energy in a report on Wednesday. Royal Bank of Canada increased their target price on Advantage Energy from C$11.00 to C$12.00 and gave the company a sector perform rating in a research note on Wednesday. Desjardins upped their price objective on Advantage Energy from C$13.00 to C$13.50 and gave the stock a buy rating in a report on Monday, April 29th. Finally, National Bankshares boosted their target price on Advantage Energy from C$12.00 to C$12.50 and gave the stock an outperform rating in a research report on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of C$13.42.

Advantage Energy Stock Performance

TSE AAV opened at C$10.32 on Wednesday. The company’s 50 day simple moving average is C$10.86 and its two-hundred day simple moving average is C$9.80. The company has a debt-to-equity ratio of 25.01, a current ratio of 0.72 and a quick ratio of 0.72. Advantage Energy has a 1 year low of C$7.74 and a 1 year high of C$11.73. The stock has a market capitalization of C$1.66 billion, a PE ratio of 18.43, a P/E/G ratio of -3.58 and a beta of 1.61.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings data on Thursday, April 25th. The company reported C$0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.03. Advantage Energy had a return on equity of 6.06% and a net margin of 18.74%. The company had revenue of C$139.38 million for the quarter, compared to the consensus estimate of C$132.00 million. Analysts predict that Advantage Energy will post 0.5729702 earnings per share for the current fiscal year.

Insider Activity at Advantage Energy

In other news, Director Stephen Balog acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were purchased at an average price of C$10.16 per share, for a total transaction of C$50,800.00. In other Advantage Energy news, Director Stephen Balog acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were purchased at an average cost of C$10.16 per share, for a total transaction of C$50,800.00. Also, Senior Officer Geoffrey Keyser bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were acquired at an average price of C$10.15 per share, with a total value of C$30,450.00. Insiders bought 13,000 shares of company stock worth $134,150 in the last three months. 1.53% of the stock is 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.