Advantage Energy Ltd. (TSE:AAV) Receives C$10.18 Average PT from Brokerages

Advantage Energy Ltd. (TSE:AAVGet Rating) (NYSE:AAV) has received an average recommendation of “Buy” from the eleven research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$10.18.

AAV has been the subject of several recent research reports. TD Securities increased their price objective on shares of Advantage Energy from C$10.00 to C$10.50 and gave the company a “buy” rating in a research report on Monday, February 28th. National Bankshares raised their price objective on Advantage Energy from C$9.00 to C$10.00 in a research note on Thursday, January 6th. Scotiabank raised their price objective on Advantage Energy from C$12.50 to C$13.00 in a research note on Tuesday, March 29th. Raymond James raised their price objective on Advantage Energy from C$9.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Friday, March 25th. Finally, National Bank Financial raised their price objective on Advantage Energy to C$10.00 and gave the stock an “outperform” rating in a research note on Thursday, January 6th.

In other Advantage Energy news, Senior Officer Neil Bokenfohr sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of C$8.36, for a total transaction of C$1,254,000.00. Following the completion of the sale, the insider now directly owns 1,162,018 shares in the company, valued at approximately C$9,714,470.48. Also, Senior Officer Donald Craig Blackwood sold 25,000 shares of the firm’s stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of C$9.32, for a total value of C$233,035.00. Following the sale, the insider now owns 727,067 shares of the company’s stock, valued at C$6,777,282.33.

Shares of AAV stock opened at C$9.82 on Friday. The firm has a market cap of C$1.87 billion and a P/E ratio of 4.74. Advantage Energy has a 1-year low of C$2.93 and a 1-year high of C$10.21. The company has a debt-to-equity ratio of 18.01, a current ratio of 0.88 and a quick ratio of 0.84. The firm’s 50-day simple moving average is C$7.51 and its 200-day simple moving average is C$7.16.

Advantage Energy (TSE:AAVGet Rating) (NYSE:AAV) last posted its earnings results on Thursday, February 24th. The company reported C$0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.17 by C$0.11. The business had revenue of C$159.26 million for the quarter. Analysts expect that Advantage Energy will post 0.9299999 earnings per share for the current fiscal year.

Advantage Energy Company Profile (Get Rating)

Advantage Energy Ltd., together with its subsidiaries, acquires, exploits, develops, and produces crude oil, natural gas, and natural gas liquids in the Province of Alberta, Canada. The company focuses on the development and production of oil and natural gas resource that includes 228 net sections covering an area of 145,920 net acres of Doig/Montney rights in Glacier, Valhalla, Progress, and Pipestone/Wembley.

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