Advantage Energy Ltd. (TSE:AAV) Receives Average Recommendation of “Moderate Buy” from Brokerages

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$12.73.

AAV has been the topic of a number of recent research reports. CIBC lifted their target price on Advantage Energy from C$10.50 to C$11.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Desjardins upped their price objective on shares of Advantage Energy from C$13.00 to C$13.50 and gave the company a “buy” rating in a research note on Monday, April 29th. TD Securities reissued a “buy” rating and issued a C$14.00 target price on shares of Advantage Energy in a research report on Friday, April 26th. Royal Bank of Canada upped their price target on shares of Advantage Energy from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 5th. Finally, Stifel Nicolaus cut their target price on shares of Advantage Energy from C$14.50 to C$13.00 and set a “buy” rating on the stock in a research note on Monday, February 5th.

Advantage Energy Stock Performance

Shares of AAV opened at C$10.89 on Thursday. Advantage Energy has a 52-week low of C$7.02 and a 52-week high of C$11.14. The firm has a market capitalization of C$1.74 billion, a PE ratio of 18.46, a P/E/G ratio of -3.58 and a beta of 1.65. The firm has a 50-day moving average price of C$10.25 and a 200 day moving average price of C$9.56. The company has a quick ratio of 0.72, a current ratio of 1.25 and a debt-to-equity ratio of 22.74.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its earnings results on Thursday, April 25th. The company reported C$0.14 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.03. The firm had revenue of C$139.38 million during the quarter, compared to the consensus estimate of C$132.00 million. Advantage Energy had a return on equity of 6.43% and a net margin of 19.94%. On average, sell-side analysts anticipate that Advantage Energy will post 0.5298117 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Larry Festival purchased 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was purchased at an average cost of C$9.95 per share, with a total value of C$398,000.00. Corporate 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.