Brokerages Set Advantage Energy Ltd. (TSE:AAV) Target Price at C$13.77

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$13.77.

A number of research firms recently commented on AAV. CIBC increased their price target on Advantage Energy from C$11.00 to C$11.50 in a research report on Friday, January 17th. TD Securities reiterated a “buy” rating and set a C$13.00 price target on shares of Advantage Energy in a research report on Wednesday, October 9th. BMO Capital Markets raised their price objective on shares of Advantage Energy from C$12.00 to C$13.00 in a research report on Tuesday, January 14th. National Bank Financial upgraded shares of Advantage Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 20th. Finally, National Bankshares raised shares of Advantage Energy from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$11.50 to C$15.00 in a report on Thursday, January 30th.

Insider Transactions at Advantage Energy

In related news, Director David Glenson Smith bought 20,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were acquired at an average price of C$8.81 per share, with a total value of C$176,160.00. Also, Senior Officer Geoffrey Keyser purchased 3,000 shares of Advantage Energy stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average cost of C$9.10 per share, with a total value of C$27,300.00. Insiders have acquired a total of 28,047 shares of company stock valued at $248,032 over the last 90 days. 1.55% of the stock is owned by company insiders.

Advantage Energy Stock Up 1.3 %

AAV opened at C$9.35 on Friday. The firm has a market cap of C$1.56 billion, a price-to-earnings ratio of 19.89, a PEG ratio of -3.58 and a beta of 1.46. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76. The firm’s 50-day simple moving average is C$9.39 and its 200-day simple moving average is C$9.36. Advantage Energy has a twelve month low of C$8.27 and a twelve month high of C$11.73.

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.