Advantage Energy Ltd. (TSE:AAV) Receives C$13.63 Average PT from Analysts

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$13.63.

AAV has been the topic of a number of research analyst reports. TD Cowen reaffirmed a “buy” rating and issued a C$14.00 target price on shares of Advantage Energy in a report on Friday, May 2nd. Desjardins raised their price objective on Advantage Energy from C$13.50 to C$14.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Royal Bank of Canada raised their price objective on Advantage Energy to C$11.00 and gave the stock a “hold” rating in a research report on Wednesday, April 9th. National Bankshares upgraded Advantage Energy from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$11.50 to C$15.00 in a research report on Thursday, January 30th. Finally, Cormark upgraded Advantage Energy to a “moderate buy” rating in a research report on Thursday, March 6th.

Insider Buying and Selling

In related news, Director Daniel Stuart Farb bought 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 9th. The stock was acquired at an average price of C$8.36 per share, for a total transaction of C$271,849.50. Also, Director John Festival bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of C$9.18 per share, with a total value of C$183,600.00. Insiders purchased 54,500 shares of company stock worth $472,770 in the last 90 days. 1.55% of the stock is owned by company insiders.

Advantage Energy Stock Performance

AAV opened at C$10.32 on Monday. The firm has a market capitalization of C$1.71 billion, a P/E ratio of 37.58, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The stock’s 50 day moving average price is C$9.98 and its two-hundred day moving average price is C$9.55. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40. Advantage Energy has a 12-month low of C$7.81 and a 12-month high of C$11.73.

Advantage Energy Company Profile

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.