Advantage Energy (TSE:AAV) PT Raised to C$15.25

Advantage Energy (TSE:AAV – Get Rating) (NYSE:AAV) had its price target raised by equities researchers at Stifel Nicolaus from C$13.75 to C$15.25 in a research note issued on Thursday, BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 40.29% from the stock’s current price.

Several other research analysts also recently commented on AAV. Standpoint Research lifted their price objective on Advantage Energy from C$11.25 to C$12.75 and gave the stock a “buy” rating in a report on Monday, May 2nd. National Bankshares decreased their price objective on Advantage Energy from C$18.00 to C$15.00 and set an “outperform” rating on the stock in a report on Monday, July 18th. CIBC decreased their price objective on Advantage Energy from C$14.00 to C$12.00 in a report on Wednesday, July 13th. BMO Capital Markets lifted their price objective on Advantage Energy from C$14.00 to C$15.00 in a report on Friday, July 29th. Finally, Royal Bank of Canada boosted their price target on Advantage Energy from C$8.50 to C$10.00 and gave the company a “sector perform” rating in a report on Friday, April 8th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$12.81.

Advantage Energy Price Performance

TSE:AAV opened at C$10.87 on Thursday. The firm has a market capitalization of C$2.04 billion and a price-to-earnings ratio of 4.75. Advantage Energy has a 52-week low of C$4.14 and a 52-week high of C$12.00. The stock has a fifty day moving average of C$9.69 and a 200 day moving average of C$8.93. The company has a debt-to-equity ratio of 14.33, a quick ratio of 0.38 and a current ratio of 0.40.

Insider Buying and Selling at Advantage Energy

In related news, Director Jill Terilee Angevine purchased 6,000 shares of the company’s stock in a transaction dated Monday, July 11th. The shares were purchased at an average cost of C$8.80 per share, with a total value of C$52,800.00. Following the transaction, the director now directly owns 36,000 shares in the company, valued at approximately C$316,800.

Advantage Energy Company Profile

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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.