Advantage Energy (TSE:AAV) Stock Price Expected to Rise, CIBC Analyst Says

Advantage Energy (TSE:AAV) (NYSE:AAV) had its target price raised by stock analysts at CIBC from C$11.50 to C$12.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential upside of 15.50% from the company’s previous close.

AAV has been the topic of a number of other reports. BMO Capital Markets raised their price target on shares of Advantage Energy from C$12.00 to C$13.00 in a research report on Tuesday, January 14th. Royal Bank of Canada lifted their target price on shares of Advantage Energy to C$11.00 and gave the stock a “hold” rating in a research report on Wednesday, April 9th. National Bank Financial raised Advantage Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, January 20th. Raymond James dropped their price target on Advantage Energy from C$12.00 to C$11.00 in a report on Wednesday, April 9th. Finally, TD Cowen restated a “buy” rating and set a C$14.00 price objective on shares of Advantage Energy in a report on Friday. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$13.59.

Advantage Energy Trading Up 4.7 %

Shares of Advantage Energy stock opened at C$10.39 on Friday. The company has a market capitalization of C$1.72 billion, a P/E ratio of 37.84, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The stock has a fifty day simple moving average of C$9.79 and a 200 day simple moving average of C$9.47. 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

In related news, Director Daniel Stuart Farb acquired 32,500 shares of the stock in a transaction dated Wednesday, April 9th. The shares were purchased at an average price of C$8.36 per share, for a total transaction of C$271,849.50. Also, Director John Festival bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of C$9.18 per share, with a total value of C$183,600.00. In the last 90 days, insiders acquired 54,500 shares of company stock worth $472,770. 1.55% of the stock is currently owned by insiders.

About Advantage Energy

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.