Advantage Energy (TSE:AAV) Price Target Raised to C$12.00 at Royal Bank of Canada

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective increased by Royal Bank of Canada from C$11.00 to C$12.00 in a research note released on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

AAV has been the subject of several other research reports. Scotiabank boosted their target price on shares of Advantage Energy from C$16.00 to C$17.00 and gave the company a sector perform rating in a research note on Tuesday, March 5th. BMO Capital Markets reiterated an outperform rating and set a C$13.00 price objective on shares of Advantage Energy in a research note on Monday, April 8th. Desjardins lifted their target price on 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. National Bankshares increased their price target 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. Finally, TD Securities restated a buy rating and set a C$14.00 price objective on shares of Advantage Energy in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Advantage Energy has a consensus rating of Moderate Buy and a consensus target price of C$13.42.

Advantage Energy Price Performance

Shares of AAV stock opened at C$10.32 on Wednesday. The firm has a fifty day moving average of C$10.86 and a two-hundred day moving average of C$9.80. The firm has a market cap of C$1.66 billion, a P/E 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 debt-to-equity ratio of 25.01, a current ratio of 0.72 and a quick ratio of 0.72.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings data on Thursday, April 25th. The company reported C$0.14 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of C$139.38 million during the quarter, compared to analyst estimates of C$132.00 million. As a group, research analysts anticipate that Advantage Energy will post 0.5729702 earnings per share for the current fiscal year.

Insider Transactions at Advantage Energy

In other news, Director Stephen Balog bought 5,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were purchased at an average cost of C$10.16 per share, with a total value of C$50,800.00. In related news, 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 cost of C$10.15 per share, for a total transaction of C$30,450.00. Also, Director Stephen Balog bought 5,000 shares of Advantage Energy stock in a transaction dated Tuesday, June 18th. The shares were bought at an average cost of C$10.16 per share, with a total value of C$50,800.00. In the last 90 days, insiders have bought 13,000 shares of company stock valued at $134,150. Corporate insiders own 1.53% of the company’s stock.

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.