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

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective lifted by research analysts at CIBC from C$11.00 to C$11.50 in a note issued to investors on Friday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 13.97% from the company’s previous close.

Several other equities analysts also recently commented on AAV. TD Securities reiterated a “buy” rating and issued 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. National Bankshares lowered their price objective on Advantage Energy from C$13.00 to C$11.50 in a research report on Friday, September 27th. National Bank Financial downgraded Advantage Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, BMO Capital Markets raised their price objective on Advantage Energy from C$12.00 to C$13.00 in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$13.25.

Advantage Energy Price Performance

Advantage Energy stock opened at C$10.09 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86. The company has a market capitalization of C$1.68 billion, a PE ratio of 21.47, a P/E/G ratio of -3.58 and a beta of 1.46. Advantage Energy has a 12 month low of C$8.24 and a 12 month high of C$11.73. The stock has a 50-day moving average price of C$9.26 and a two-hundred day moving average price of C$9.41.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its earnings results on Thursday, October 24th. The company reported C($0.04) EPS for the quarter, missing the consensus estimate of C$0.03 by C($0.07). The firm had revenue of C$144.86 million during the quarter, compared to the consensus estimate of C$161.10 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. Analysts expect that Advantage Energy will post 1.4701493 EPS for the current year.

Insiders Place Their Bets

In other news, Director John Festival acquired 20,000 shares of Advantage Energy stock in a transaction on Monday, October 28th. The stock was purchased at an average price of C$8.80 per share, with a total value of C$176,000.00. Also, Senior Officer Geoffrey Keyser acquired 4,000 shares of Advantage Energy stock in a transaction on Monday, October 28th. The stock was purchased at an average cost of C$8.89 per share, with a total value of C$35,540.00. Over the last three months, insiders acquired 54,047 shares of company stock worth $476,272. 1.55% of the stock is owned by corporate 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.