TD Securities Reaffirms “Buy” Rating for Advantage Energy (TSE:AAV)

Advantage Energy (TSE:AAV) (NYSE:AAV)‘s stock had its “buy” rating reaffirmed by investment analysts at TD Securities in a research report issued to clients and investors on Friday, Stock Target Advisor reports. They presently have a C$14.00 price target on the stock. TD Securities’ target price would suggest a potential upside of 29.15% from the company’s previous close.

Other analysts also recently issued reports about the company. Desjardins decreased their price target on Advantage Energy from C$13.25 to C$13.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Scotiabank increased their price target on Advantage Energy from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$13.00 price target on shares of Advantage Energy in a research report on Monday, April 8th. National Bankshares increased their price target on Advantage Energy from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada increased their price target on Advantage Energy from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$12.68.

Advantage Energy Stock Up 1.0 %

AAV opened at C$10.84 on Friday. Advantage Energy has a fifty-two week low of C$6.79 and a fifty-two week high of C$11.14. The firm has a market capitalization of C$1.73 billion, a P/E ratio of 18.37, a PEG ratio of -3.58 and a beta of 1.65. The company’s 50-day moving average is C$10.06 and its 200 day moving average is C$9.49. The company has a debt-to-equity ratio of 22.74, a current ratio of 1.25 and a quick ratio of 0.72.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its earnings results on Thursday, April 25th. The company reported C$0.14 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.03. The firm had revenue of C$139.38 million for the quarter, compared to the consensus estimate of C$132.00 million. Advantage Energy had a return on equity of 6.43% and a net margin of 19.94%. Research analysts expect that Advantage Energy will post 0.5298117 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director John Larry Festival purchased 40,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was purchased at an average cost of C$9.95 per share, with a total value of C$398,000.00. Company insiders own 1.27% of the company’s stock.

About Advantage Energy

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.