Advantage Energy Ltd. (TSE:AAV) Receives C$13.21 Consensus Price Target from Brokerages

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$13.21.

A number of research firms have commented on AAV. Cormark upgraded Advantage Energy to a “moderate buy” rating in a research report on Monday, September 23rd. TD Securities reiterated a “buy” rating and issued a C$13.00 price objective on shares of Advantage Energy in a research report on Wednesday, October 9th. National Bank Financial cut shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. National Bankshares reduced their price target on shares of Advantage Energy from C$13.00 to C$11.50 in a report on Friday, September 27th. Finally, BMO Capital Markets dropped their price objective on shares of Advantage Energy from C$13.00 to C$12.00 in a research note on Friday, October 4th.

Advantage Energy Stock Performance

Shares of AAV opened at C$10.05 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 46.86. Advantage Energy has a 52-week low of C$8.24 and a 52-week high of C$11.73. The company has a 50-day simple moving average of C$9.17 and a 200-day simple moving average of C$9.43. The company has a market capitalization of C$1.68 billion, a PE ratio of 21.38, a P/E/G ratio of -3.58 and a beta of 1.46.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its earnings results on Thursday, October 24th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. The company had revenue of C$144.86 million during the quarter, compared to analysts’ expectations of C$161.10 million. Equities research analysts predict that Advantage Energy will post 1.4701493 earnings per share for the current fiscal year.

Insider Activity

In related news, Director David Glenson Smith acquired 20,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was bought at an average cost of C$8.81 per share, with a total value of C$176,160.00. Also, Senior Officer Darren Tisdale bought 3,000 shares of the business’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, for a total transaction of C$26,550.00. Insiders acquired a total of 54,047 shares of company stock valued at $476,272 over the last quarter. 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.