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

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price target boosted by CIBC from C$11.00 to C$11.50 in a research report report published on Friday,BayStreet.CA reports.

A number of other brokerages have also recently commented on AAV. TD Securities reaffirmed a “buy” rating and issued a C$13.00 price target on shares of Advantage Energy in a research note on Wednesday, October 9th. Cormark raised Advantage Energy to a “moderate buy” rating in a research note on Monday, September 23rd. National Bankshares decreased their price target on Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. National Bank Financial cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, BMO Capital Markets boosted their target price on Advantage Energy from C$12.00 to C$13.00 in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$13.45.

Advantage Energy Stock Performance

TSE:AAV opened at C$10.09 on Friday. The business has a 50 day moving average of C$9.26 and a 200 day moving average of C$9.41. The company has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 21.47, a PEG ratio of -3.58 and a beta of 1.46. Advantage Energy has a 1-year low of C$8.24 and a 1-year high of C$11.73. The company has a debt-to-equity ratio of 46.86, a current ratio of 0.76 and a quick ratio of 0.72.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its earnings results on Thursday, October 24th. The company reported C($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 5.02% and a net margin of 16.05%. On average, sell-side analysts predict that Advantage Energy will post 1.4701493 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Darren Tisdale purchased 3,000 shares of Advantage Energy stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average cost of C$8.85 per share, with a total value of C$26,550.00. Also, Director John Festival purchased 20,000 shares of Advantage Energy stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average cost of C$8.80 per share, for a total transaction of C$176,000.00. Insiders have bought a total of 54,047 shares of company stock valued at $476,272 over the last ninety days. Company insiders own 1.55% 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.