Brokerages Set Advantage Energy Ltd. (TSE:AAV) Target Price at C$14.14

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$14.14.

Several equities analysts recently weighed in on AAV shares. Desjardins increased their price target on shares of Advantage Energy from C$14.50 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. ATB Cormark Capital Markets lowered shares of Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and cut their price objective for the stock from C$15.00 to C$14.00 in a research note on Friday, February 13th. Royal Bank Of Canada lifted their price objective on Advantage Energy from C$12.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Thursday, December 11th. National Bank Financial raised Advantage Energy from a “hold” rating to an “outperform” rating and boosted their price objective for the company from C$14.00 to C$15.00 in a report on Friday, February 13th. Finally, Raymond James Financial raised Advantage Energy from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$13.00 to C$15.00 in a report on Tuesday, December 9th.

Advantage Energy Stock Up 0.7%

Shares of AAV stock opened at C$10.13 on Tuesday. The stock’s 50-day simple moving average is C$11.08 and its 200-day simple moving average is C$11.39. The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75. The firm has a market capitalization of C$1.69 billion, a PE ratio of 28.94, a P/E/G ratio of -3.58 and a beta of -0.04. Advantage Energy has a fifty-two week low of C$7.81 and a fifty-two week high of C$13.20.

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.