Brokerages Set Advantage Energy Ltd. (TSE:AAV) PT at C$13.21

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$13.21.

AAV has been the topic of several recent analyst reports. TD Securities reissued a “buy” rating and set a C$13.00 target price on shares of Advantage Energy in a research note on Wednesday, October 9th. BMO Capital Markets reduced their price objective on shares of Advantage Energy from C$13.00 to C$12.00 in a research report on Friday, October 4th. CIBC restated a “neutral” rating and set a C$12.00 target price on shares of Advantage Energy in a research report on Thursday, August 29th. National Bankshares reduced their price target on shares of Advantage Energy from C$13.00 to C$11.50 in a report on Friday, September 27th. Finally, Cormark raised shares of Advantage Energy to a “moderate buy” rating in a report on Monday, September 23rd.

Advantage Energy Stock Performance

Shares of TSE AAV opened at C$8.96 on Thursday. The stock has a market cap of C$1.50 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. Advantage Energy has a 1 year low of C$8.02 and a 1 year high of C$11.73. The firm has a fifty day moving average price of C$9.31 and a 200-day moving average price of C$10.03. The company has a debt-to-equity ratio of 46.86, a current ratio of 0.76 and a quick ratio of 0.72.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings results on Thursday, October 24th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). The business had revenue of C$144.86 million during the quarter, compared to analysts’ expectations of C$161.10 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. Equities analysts anticipate that Advantage Energy will post 1.4701493 earnings per share for the current fiscal year.

Insider Buying and Selling at Advantage Energy

In related news, Senior Officer Geoffrey Keyser bought 4,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was purchased at an average price of C$8.89 per share, for a total transaction of C$35,540.00. In other news, Director John Festival acquired 20,000 shares of Advantage Energy stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average cost of C$8.80 per share, with a total value of C$176,000.00. Also, Senior Officer Geoffrey Keyser acquired 4,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was purchased at an average cost of C$8.89 per share, with a total value of C$35,540.00. Insiders have purchased a total of 49,435 shares of company stock worth $440,342 over the last ninety days. Company insiders own 1.55% of the company’s stock.

Advantage Energy Company Profile

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.