Advantage Energy (TSE:AAV) Given a C$12.00 Price Target at Raymond James

Raymond James set a C$12.00 target price on Advantage Energy (TSE:AAV) (NYSE:AAV) in a research note issued to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

Several other research firms also recently issued reports on AAV. National Bank Financial raised Advantage Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 20th. CIBC upped their price target on Advantage Energy from C$11.00 to C$11.50 in a research report on Friday, January 17th. Cormark upgraded shares of Advantage Energy to a “moderate buy” rating in a report on Thursday, March 6th. BMO Capital Markets increased their target price on shares of Advantage Energy from C$12.00 to C$13.00 in a report on Tuesday, January 14th. Finally, National Bankshares upgraded shares of Advantage Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$11.50 to C$15.00 in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Advantage Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$13.68.

Advantage Energy Stock Down 8.3 %

Shares of Advantage Energy stock opened at C$8.21 on Tuesday. The company has a market capitalization of C$1.36 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72. The business has a 50-day moving average of C$9.71 and a two-hundred day moving average of C$9.42. Advantage Energy has a 1 year low of C$8.12 and a 1 year high of C$11.73.

Insider Buying and Selling

In other news, Senior Officer Geoffrey Keyser purchased 3,000 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of C$9.10 per share, with a total value of C$27,300.00. Also, Director John Festival acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of C$9.18 per share, for a total transaction of C$183,600.00. 1.55% of the stock is currently owned by company insiders.

Advantage Energy Company Profile

Advantage Energy Ltd supplies clean, affordable, reliable, and sustainable Canadian energy to power the needs of Canada and the world. It is focused on the development and delineation of its Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla, and Progress, Alberta.