Advantage Energy (TSE:AAV) Price Target Increased to C$12.00 by Analysts at CIBC

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective hoisted by CIBC from C$11.00 to C$12.00 in a report issued on Wednesday, BayStreet.CA reports. They currently have a neutral rating on the stock.

A number of other analysts have also recently issued reports on AAV. Desjardins lifted their target price on shares of Advantage Energy from C$13.00 to C$13.50 and gave the company a buy rating in a research note on Monday, April 29th. BMO Capital Markets reaffirmed an outperform rating and issued a C$13.00 price objective on shares of Advantage Energy in a research note on Monday, April 8th. National Bankshares upped their price objective on shares of Advantage Energy from C$12.00 to C$12.50 and gave the stock an outperform rating in a report on Friday, April 19th. TD Securities reaffirmed a buy rating and issued a C$14.00 price target on shares of Advantage Energy in a research report on Wednesday. Finally, Scotiabank upped their price target on Advantage Energy from C$16.00 to C$17.00 and gave the stock a sector perform rating in a research note on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Advantage Energy presently has a consensus rating of Moderate Buy and a consensus price target of C$13.42.

Advantage Energy Price Performance

Shares of TSE:AAV opened at C$10.32 on Wednesday. The firm has a market cap of C$1.66 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of -3.58 and a beta of 1.61. Advantage Energy has a 1 year low of C$7.74 and a 1 year high of C$11.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 25.01. The business has a fifty day simple moving average of C$10.86 and a 200 day simple moving average of C$9.80.

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

Insider Transactions at Advantage Energy

In other news, Senior Officer Geoffrey Keyser purchased 3,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were purchased at an average cost of C$10.15 per share, for a total transaction of C$30,450.00. In other news, Senior Officer Geoffrey Keyser bought 3,000 shares of Advantage Energy stock in a transaction that occurred on Monday, June 17th. The stock was purchased at an average cost of C$10.15 per share, with a total value of C$30,450.00. Also, Director Donald M. Clague purchased 5,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were acquired at an average price of C$10.58 per share, for a total transaction of C$52,900.00. In the last 90 days, insiders have purchased 13,000 shares of company stock worth $134,150. 1.53% of the stock is currently owned by company insiders.

Advantage Energy Company Profile

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.