Advantage Energy (TSE:AAV) Given New C$14.00 Price Target at ATB Capital

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price target boosted by ATB Capital from C$13.50 to C$14.00 in a research note published on Wednesday, BayStreet.CA reports.

Other analysts also recently issued reports about the stock. Desjardins increased their price target on shares of Advantage Energy from C$13.00 to C$13.50 and gave the stock a buy rating in a report on Monday, April 29th. TD Securities reiterated a buy rating and issued a C$14.00 target price on shares of Advantage Energy in a research report on Wednesday, June 19th. Cormark set a C$15.00 target price on shares of Advantage Energy and gave the company a buy rating in a research report on Wednesday, June 19th. Royal Bank of Canada raised their price objective on shares of Advantage Energy from C$11.00 to C$12.00 and gave the stock a sector perform rating in a research report on Wednesday, June 19th. Finally, BMO Capital Markets reaffirmed an outperform rating and set a C$13.00 target price on shares of Advantage Energy in a research note on Monday, April 8th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of C$13.68.

Advantage Energy Trading Down 1.0 %

TSE:AAV opened at C$9.94 on Wednesday. Advantage Energy has a one year low of C$8.02 and a one year high of C$11.73. The company has a debt-to-equity ratio of 25.01, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of C$1.60 billion, a P/E ratio of 17.75, a P/E/G ratio of -3.58 and a beta of 1.61. The firm has a 50-day simple moving average of C$10.78 and a 200-day simple moving average of C$10.00.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings data on Thursday, April 25th. The company reported C$0.14 EPS for the quarter, topping the consensus estimate of C$0.11 by C$0.03. Advantage Energy had a net margin of 18.74% and a return on equity of 6.06%. The firm had revenue of C$139.38 million during the quarter, compared to analyst estimates of C$132.00 million. Equities analysts anticipate that Advantage Energy will post 0.5729702 EPS for the current fiscal year.

Insider Transactions at Advantage Energy

In other news, Director Stephen Balog acquired 5,000 shares of the stock in a transaction on Tuesday, June 18th. The stock was bought at an average price of C$10.16 per share, with a total value of C$50,800.00. In related news, Senior Officer Geoffrey Keyser acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were acquired at an average cost of C$10.15 per share, for a total transaction of C$30,450.00. Also, Director Stephen Balog bought 5,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were purchased at an average cost of C$10.16 per share, for a total transaction of C$50,800.00. Insiders have purchased a total of 37,000 shares of company stock worth $372,069 in the last three months. Company insiders own 1.53% 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.