Brokerages Set Advantage Energy Ltd. (TSE:AAV) Price Target at C$12.73

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$12.73.

Several equities analysts have weighed in on the company. Royal Bank of Canada lifted their target price on Advantage Energy from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 5th. CIBC increased their target price on shares of Advantage Energy from C$10.50 to C$11.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Stifel Nicolaus decreased their target price on shares of Advantage Energy from C$14.50 to C$13.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Raymond James dropped their price target on shares of Advantage Energy from C$13.00 to C$11.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Finally, TD Securities reissued a “buy” rating and set a C$14.00 price objective on shares of Advantage Energy in a research report on Friday, April 26th.

Insider Activity at Advantage Energy

In other news, Director John Larry Festival acquired 40,000 shares of Advantage Energy stock in a transaction dated Tuesday, March 19th. The stock was acquired at an average cost of C$9.95 per share, for a total transaction of C$398,000.00. 1.27% of the stock is owned by company insiders.

Advantage Energy Stock Down 0.7 %

Shares of TSE:AAV opened at C$10.67 on Thursday. The firm has a 50 day simple moving average of C$10.19 and a 200 day simple moving average of C$9.53. Advantage Energy has a 52 week low of C$6.79 and a 52 week high of C$11.14. The company has a debt-to-equity ratio of 22.74, a quick ratio of 0.72 and a current ratio of 1.25. The company has a market cap of C$1.71 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of -3.58 and a beta of 1.65.

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

Advantage Energy Company Profile

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.