Scotiabank Increases Advantage Energy (OTCMKTS:AAVVF) Price Target to C$16.50

Advantage Energy (OTCMKTS:AAVVFGet Rating) had its price target lifted by Scotiabank from C$15.00 to C$16.50 in a research report sent to investors on Monday, The Fly reports.

Other equities analysts have also issued reports about the stock. BMO Capital Markets upped their price target on shares of Advantage Energy from C$14.00 to C$15.00 in a research report on Friday, July 29th. Raymond James upgraded shares of Advantage Energy from an outperform rating to a strong-buy rating in a research report on Thursday, July 7th. National Bank Financial lowered their target price on shares of Advantage Energy from C$18.00 to C$15.00 in a report on Monday, July 18th. CIBC boosted their target price on shares of Advantage Energy from C$11.00 to C$14.00 in a report on Wednesday, June 15th. Finally, Stifel Nicolaus lowered their target price on shares of Advantage Energy from C$14.25 to C$13.75 in a report on Monday, July 11th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Buy and an average target price of $13.58.

Advantage Energy Stock Performance

Shares of OTCMKTS AAVVF opened at $8.21 on Monday. The firm has a 50 day moving average of $8.31 and a 200 day moving average of $7.74. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 3.51 and a beta of 1.79. Advantage Energy has a 12-month low of $4.20 and a 12-month high of $9.55.

Advantage Energy (OTCMKTS:AAVVFGet Rating) last announced its earnings results on Thursday, July 28th. The company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $237.18 million during the quarter. Advantage Energy had a net margin of 83.78% and a return on equity of 27.08%.

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.

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