Advantage Energy (TSE:AAV) Stock Price Expected to Rise, ATB Capital Analyst Says

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective upped by analysts at ATB Capital from C$14.00 to C$15.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s price target would indicate a potential upside of 21.65% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Desjardins cut their price objective on Advantage Energy from C$15.00 to C$14.50 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Natl Bk Canada cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Raymond James Financial raised shares of Advantage Energy from a “hold” rating to a “moderate buy” rating and lifted their price objective for the stock from C$13.00 to C$15.00 in a research report on Tuesday. Finally, National Bankshares cut shares of Advantage Energy from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$14.50 to C$14.00 in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$13.75.

Advantage Energy Stock Up 1.7%

Shares of TSE AAV traded up C$0.21 during trading on Wednesday, hitting C$12.33. The stock had a trading volume of 203,770 shares, compared to its average volume of 497,353. The firm has a fifty day moving average of C$11.85 and a two-hundred day moving average of C$11.51. The company has a market capitalization of C$2.06 billion, a PE ratio of 35.23, a PEG ratio of -3.58 and a beta of 0.11. The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72. Advantage Energy has a 12 month low of C$7.81 and a 12 month high of C$13.20.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its quarterly earnings results on Tuesday, October 28th. The company reported C$0.00 earnings per share for the quarter. Advantage Energy had a net margin of 8.98% and a return on equity of 2.87%. The business had revenue of C$137.96 million for the quarter. As a group, equities research analysts forecast that Advantage Energy will post 1.4701493 EPS 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.