Analysts Set Advantage Energy Ltd. (TSE:AAV) Price Target at C$14.17

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$14.17.

AAV has been the topic of a number of recent research reports. National Bank Financial upgraded shares of Advantage Energy from a “hold” rating to an “outperform” rating and raised their price target for the stock from C$14.00 to C$15.00 in a research report on Friday, February 13th. ATB Cormark Capital Markets downgraded shares of Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and cut their price objective for the company from C$15.00 to C$14.00 in a research report on Friday, February 13th. Finally, BMO Capital Markets downgraded shares of Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price objective on the stock. in a research report on Tuesday, April 7th.

Advantage Energy Trading Up 0.9%

Advantage Energy stock opened at C$10.05 on Friday. The firm’s 50-day moving average is C$10.49 and its 200-day moving average is C$11.10. The company has a debt-to-equity ratio of 48.61, a quick ratio of 0.72 and a current ratio of 0.38. Advantage Energy has a 1 year low of C$9.19 and a 1 year high of C$13.20. The company has a market cap of C$1.69 billion, a P/E ratio of 15.46, a PEG ratio of -3.58 and a beta of -0.23.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.06 earnings per share (EPS) for the quarter. Advantage Energy had a net margin of 16.83% and a return on equity of 6.59%. The company had revenue of C$169.03 million for the quarter. On average, equities analysts expect that Advantage Energy will post 1.4701493 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Donald M. Clague acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of C$9.92 per share, for a total transaction of C$49,600.00. Following the transaction, the director directly owned 90,000 shares in the company, valued at C$892,800. This trade represents a 5.88% increase in their position. 1.55% of the stock is currently owned by corporate insiders.

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.