Advantage Energy (TSE:AAV – Get Rating) (NYSE:AAV) had its price objective lifted by analysts at Standpoint Research to C$12.75 in a research note issued to investors on Monday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. Standpoint Research’s price objective suggests a potential upside of 18.27% from the company’s current price.
A number of other research analysts also recently issued reports on the company. Tudor Pickering & Holt set a C$9.00 price objective on Advantage Energy and gave the company a “buy” rating in a research note on Thursday, January 20th. Royal Bank of Canada boosted their price objective on Advantage Energy from C$8.50 to C$10.00 and gave the stock a “sector perform” rating in a report on Friday, April 8th. Scotiabank boosted their price objective on Advantage Energy from C$12.50 to C$13.00 in a report on Tuesday, March 29th. BMO Capital Markets boosted their price objective on Advantage Energy from C$12.00 to C$14.00 in a report on Friday. Finally, CIBC boosted their price objective on Advantage Energy from C$10.00 to C$11.00 in a report on Thursday, April 14th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$11.35.
Shares of TSE AAV traded up C$0.05 during mid-day trading on Monday, hitting C$10.78. 1,436,496 shares of the stock traded hands, compared to its average volume of 1,126,084. The company has a debt-to-equity ratio of 18.01, a current ratio of 0.88 and a quick ratio of 0.84. Advantage Energy has a twelve month low of C$3.20 and a twelve month high of C$11.34. The company has a market cap of C$2.06 billion and a PE ratio of 5.20. The firm has a 50 day simple moving average of C$8.66 and a two-hundred day simple moving average of C$7.60.
In related news, Senior Officer Neil Bokenfohr sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of C$8.36, for a total value of C$1,254,000.00. Following the completion of the transaction, the insider now directly owns 1,162,018 shares in the company, valued at approximately C$9,714,470.48. Also, Director Stephen Balog bought 3,258 shares of the business’s stock in a transaction on Tuesday, March 29th. The stock was bought at an average cost of C$8.36 per share, with a total value of C$27,236.88. Following the transaction, the director now owns 65,157 shares in the company, valued at approximately C$544,712.52. Insiders have sold 339,000 shares of company stock worth $3,122,475 over the last ninety days.
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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