Raymond James Issues Pessimistic Forecast for Advantage Energy (TSE:AAV) Stock Price

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price target lowered by Raymond James from C$12.00 to C$11.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 30.64% from the company’s current price.

A number of other equities research analysts also recently commented on AAV. National Bankshares raised Advantage Energy from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$11.50 to C$15.00 in a report on Thursday, January 30th. BMO Capital Markets lifted their target price on shares of Advantage Energy from C$12.00 to C$13.00 in a report on Tuesday, January 14th. National Bank Financial upgraded shares of Advantage Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 20th. Royal Bank of Canada lifted their price objective on shares of Advantage Energy to C$11.00 and gave the company a “hold” rating in a report on Wednesday. Finally, CIBC upped their target price on Advantage Energy from C$11.00 to C$11.50 in a research note on Friday, January 17th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Advantage Energy has a consensus rating of “Moderate Buy” and an average price target of C$13.50.

Advantage Energy Trading Down 5.0 %

Shares of Advantage Energy stock opened at C$8.42 on Wednesday. The firm’s 50 day simple moving average is C$9.68 and its two-hundred day simple moving average is C$9.41. The firm has a market capitalization of C$1.40 billion, a price-to-earnings ratio of 30.66, a PEG ratio of -3.58 and a beta of 1.46. Advantage Energy has a 12-month low of C$7.81 and a 12-month high of C$11.73. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40.

Insider Activity at Advantage Energy

In related news, Director John Festival purchased 20,000 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were bought at an average price of C$9.18 per share, for a total transaction of C$183,600.00. Also, Director Daniel Stuart Farb acquired 32,500 shares of the stock in a transaction dated Wednesday, April 9th. The shares were bought at an average cost of C$8.36 per share, with a total value of C$271,849.50. Over the last 90 days, insiders have bought 57,500 shares of company stock valued at $500,070. Company insiders own 1.55% of the company’s stock.

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.