Analysts Set Advantage Energy Ltd. (TSE:AAV) Target Price at C$14.17

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$14.17.

Several research analysts have recently commented on AAV shares. Scotiabank raised Advantage Energy to a “strong-buy” rating in a report on Friday, June 26th. BMO Capital Markets lowered shares of Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 target price for the company. in a research report on Tuesday, April 7th.

Insider Activity at Advantage Energy

In related news, insider Darren Tisdale acquired 4,100 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average cost of C$9.60 per share, with a total value of C$39,360.00. Following the acquisition, the insider owned 217,782 shares of the company’s stock, valued at approximately C$2,090,707.20. The trade was a 1.92% increase in their position. Also, Director Donald M. Clague bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average price of C$9.92 per share, with a total value of C$49,600.00. Following the completion of the transaction, the director directly owned 90,000 shares of the company’s stock, valued at C$892,800. This represents a 5.88% increase in their position. Insiders bought 71,195 shares of company stock worth $684,488 over the last quarter. 1.55% of the stock is currently owned by corporate insiders.

Advantage Energy Stock Performance

Advantage Energy stock opened at C$11.10 on Friday. The company has a debt-to-equity ratio of 48.61, a quick ratio of 0.72 and a current ratio of 0.38. Advantage Energy has a fifty-two week low of C$9.19 and a fifty-two week high of C$13.20. The stock has a market cap of C$1.86 billion, a P/E ratio of 17.08, a PEG ratio of -3.58 and a beta of -0.52. The firm’s fifty day moving average price is C$10.27 and its 200-day moving average price is C$10.52.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings data on Thursday, March 5th. The company reported C$0.06 earnings per share (EPS) for the quarter. Advantage Energy had a return on equity of 6.59% and a net margin of 16.83%.The company had revenue of C$169.03 million during the quarter. Equities research analysts forecast that Advantage Energy will post 1.4701493 earnings per share for the current fiscal year.

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.