CIBC Raises Advantage Energy (TSE:AAV) Price Target to C$11.00

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective raised by CIBC from C$10.50 to C$11.00 in a research note published on Monday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

AAV has been the topic of several other research reports. Royal Bank of Canada boosted their price objective on shares of Advantage Energy from C$10.00 to C$11.00 and gave the stock a sector perform rating in a research note on Tuesday, March 5th. Raymond James cut their price target on Advantage Energy from C$13.00 to C$11.00 and set an outperform rating on the stock in a research note on Friday, January 19th. BMO Capital Markets reaffirmed an outperform rating and set a C$13.00 price objective on shares of Advantage Energy in a research report on Monday, April 8th. Scotiabank boosted their target price on Advantage Energy from C$16.00 to C$17.00 and gave the stock a sector perform rating in a report on Tuesday, March 5th. Finally, TD Securities raised their price target on Advantage Energy from C$11.50 to C$12.00 and gave the company a buy rating in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of C$12.50.

Advantage Energy Stock Down 1.0 %

Shares of TSE:AAV opened at C$10.37 on Monday. The firm has a market capitalization of C$1.66 billion, a P/E ratio of 17.58, a P/E/G ratio of -3.58 and a beta of 1.65. The company has a debt-to-equity ratio of 22.74, a quick ratio of 0.72 and a current ratio of 1.25. The stock has a 50 day moving average price of C$10.01 and a 200-day moving average price of C$9.47. Advantage Energy has a 52-week low of C$6.79 and a 52-week high of C$11.05.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings data on Monday, March 4th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.06. The business had revenue of C$147.14 million during the quarter, compared to the consensus estimate of C$141.00 million. Advantage Energy had a return on equity of 6.43% and a net margin of 19.94%. As a group, equities research analysts anticipate that Advantage Energy will post 0.5298117 EPS for the current fiscal year.

Insider Transactions at Advantage Energy

In other Advantage Energy news, Director John Larry Festival acquired 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were bought at an average cost of C$9.95 per share, with a total value of C$398,000.00. Company insiders own 1.27% of the company’s stock.

About Advantage Energy

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.