Advantage Energy (TSE:AAV) Given New C$13.00 Price Target at BMO Capital Markets

Advantage Energy (TSE:AAV) (NYSE:AAV) had its target price hoisted by BMO Capital Markets from C$12.00 to C$13.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

Several other equities analysts have also recently issued reports on AAV. National Bank Financial cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Cormark raised Advantage Energy to a “moderate buy” rating in a report on Monday, September 23rd. TD Securities reaffirmed a “buy” rating and set a C$13.00 price objective on shares of Advantage Energy in a research note on Wednesday, October 9th. Finally, National Bankshares decreased their target price on shares of Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Advantage Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$13.29.

Advantage Energy Stock Performance

AAV opened at C$9.90 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86. Advantage Energy has a 12-month low of C$8.24 and a 12-month high of C$11.73. The firm has a 50 day moving average of C$9.22 and a two-hundred day moving average of C$9.42. The firm has a market capitalization of C$1.65 billion, a PE ratio of 21.06, a P/E/G ratio of -3.58 and a beta of 1.46.

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

Insider Buying and Selling

In other news, Director John Festival bought 20,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were acquired at an average price of C$8.80 per share, for a total transaction of C$176,000.00. Also, Senior Officer Darren Tisdale purchased 3,000 shares of the stock in a transaction dated Friday, November 15th. The stock was purchased at an average cost of C$8.85 per share, for a total transaction of C$26,550.00. In the last quarter, insiders purchased 54,047 shares of company stock valued at $476,272. 1.55% of the stock is owned by corporate insiders.

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.