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

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$13.21.

AAV has been the subject of a number of research reports. BMO Capital Markets reduced their price target on shares of Advantage Energy from C$13.00 to C$12.00 in a report on Friday, October 4th. Cormark upgraded shares of Advantage Energy to a “moderate buy” rating in a research note on Monday, September 23rd. National Bankshares lowered their price target on Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. National Bank Financial cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, TD Securities reissued a “buy” rating and set a C$13.00 price objective on shares of Advantage Energy in a report on Wednesday, October 9th.

Advantage Energy Stock Up 1.3 %

Advantage Energy stock opened at C$10.43 on Tuesday. 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 has a fifty-two week low of C$8.24 and a fifty-two week high of C$11.73. The firm has a fifty day moving average price of C$9.11 and a two-hundred day moving average price of C$9.43. The firm has a market cap of C$1.74 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of -3.58 and a beta of 1.46.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings data on Thursday, October 24th. The company reported C($0.04) earnings per share for the quarter, missing the consensus estimate of C$0.03 by C($0.07). The business had revenue of C$144.86 million for the quarter, compared to analyst estimates of C$161.10 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. As a group, analysts forecast that Advantage Energy will post 1.4701493 earnings per share for the current year.

Insiders Place Their Bets

In other Advantage Energy news, Director John Festival bought 20,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were bought at an average price of C$8.80 per share, for a total transaction of C$176,000.00. Also, Senior Officer Geoffrey Keyser purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average cost of C$8.89 per share, with a total value of C$35,540.00. Insiders purchased 54,047 shares of company stock worth $476,272 over the last three months. 1.55% of the stock is currently owned by corporate insiders.

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.