Advantage Energy (TSE:AAV) Price Target Raised to C$13.00

Advantage Energy (TSE:AAV) (NYSE:AAV) had its target price raised by BMO Capital Markets from C$12.00 to C$13.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

Several other analysts have also issued reports on AAV. Cormark raised Advantage Energy to a “moderate buy” rating in a report on Monday, September 23rd. National Bank Financial downgraded Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. TD Securities restated a “buy” rating and set a C$13.00 target price on shares of Advantage Energy in a research note on Wednesday, October 9th. Finally, National Bankshares lowered their price target on shares of Advantage Energy from C$13.00 to C$11.50 in a report on Friday, September 27th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$13.29.

Advantage Energy Stock Down 2.3 %

TSE:AAV opened at C$9.90 on Tuesday. Advantage Energy has a fifty-two week low of C$8.24 and a fifty-two week high of C$11.73. The firm has a market cap of C$1.65 billion, a P/E ratio of 21.06, a P/E/G ratio of -3.58 and a beta of 1.46. The firm has a 50-day simple moving average of C$9.22 and a two-hundred day simple moving average of C$9.42. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings data 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 company had revenue of C$144.86 million for 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 predict that Advantage Energy will post 1.4701493 earnings per share for the current fiscal year.

Insider Activity at Advantage Energy

In other news, Senior Officer Darren Tisdale purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of C$8.85 per share, with a total value of C$26,550.00. Also, Director Stephen Balog acquired 5,000 shares of Advantage Energy stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of C$8.80 per share, for a total transaction of C$44,000.00. Insiders have acquired a total of 54,047 shares of company stock valued at $476,272 over the last 90 days. 1.55% of the stock is owned by corporate 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.