Advantage Energy (TSE:AAV) Price Target Raised to C$14.00

Advantage Energy (TSE:AAVGet Rating) (NYSE:AAV) had its price target upped by analysts at Cormark from C$13.00 to C$14.00 in a report issued on Tuesday, BayStreet.CA reports. Cormark’s target price would indicate a potential upside of 40.00% from the stock’s previous close.

Several other research firms have also issued reports on AAV. Scotiabank increased their price target on shares of Advantage Energy from C$12.50 to C$13.00 in a research report on Tuesday, March 29th. Tudor Pickering restated a “buy” rating and issued a C$9.00 price objective on shares of Advantage Energy in a research report on Thursday, January 20th. National Bank Financial lifted their target price on shares of Advantage Energy to C$10.00 and gave the stock an “outperform” rating in a report on Thursday, January 6th. TD Securities upped 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. Finally, Raymond James raised their price objective on shares of Advantage Energy from C$9.50 to C$12.00 and gave the stock an “outperform” rating in a report on Friday, March 25th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$10.27.

Advantage Energy stock traded up C$0.18 during midday trading on Tuesday, reaching C$10.00. The stock had a trading volume of 1,452,959 shares, compared to its average volume of 1,057,646. The firm has a market cap of C$1.91 billion and a price-to-earnings ratio of 4.84. Advantage Energy has a twelve month low of C$2.93 and a twelve month 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 fifty day simple moving average is C$7.51 and its two-hundred 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.17 by C$0.11. The business had revenue of C$159.26 million during the quarter. As a group, sell-side analysts predict that Advantage Energy will post 0.9299999 EPS for the current fiscal year.

In other Advantage Energy news, Senior Officer Donald Craig Blackwood sold 25,000 shares of the business’s stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of C$9.32, for a total transaction of C$233,035.00. Following the completion of the sale, the insider now owns 727,067 shares of the company’s stock, valued at C$6,777,282.33. Also, Senior Officer Neil Bokenfohr sold 50,000 shares of the stock in a transaction on Monday, April 11th. The stock was sold at an average price of C$10.00, for a total transaction of C$500,000.00. Following the completion of the sale, the insider now directly owns 1,113,655 shares of the company’s stock, valued at C$11,136,550. In the last 90 days, insiders sold 225,000 shares of company stock valued at $1,987,035.

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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Analyst Recommendations for Advantage Energy (TSE:AAV)

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