Advantage Energy Ltd. (TSE:AAV) Stock Has Average Target Price of C$13.79 According to Brokerages

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$13.79.

Several analysts have recently issued reports on the company. Raymond James Financial cut Advantage Energy from a “moderate buy” rating to a “hold” rating and decreased their price objective for the stock from C$14.00 to C$13.00 in a report on Wednesday, September 16th. Ventum Financial set a C$13.50 target price on shares of Advantage Energy and gave the company a “buy” rating in a report on Friday, October 23rd.

Advantage Energy Stock Down 4.9%

Shares of AAV stock opened at C$10.44 on Friday. The company has a debt-to-equity ratio of 40.01, a current ratio of 0.35 and a quick ratio of 0.72. Advantage Energy has a one year low of C$9.19 and a one year high of C$13.20. The company’s fifty day moving average price is C$10.59 and its 200-day moving average price is C$10.57. The company has a market capitalization of C$1.69 billion, a price-to-earnings ratio of 12.58, a PEG ratio of -3.58 and a beta of -0.29.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its quarterly earnings data on Thursday, October 29th. The company reported C$0.33 earnings per share (EPS) for the quarter. The firm had revenue of C$166.32 million for the quarter. Advantage Energy had a net margin of 18.26% and a return on equity of 8.07%. Sell-side analysts expect that Advantage Energy will post 1.47 EPS for the current fiscal year.

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.