Advantage Energy (TSE:AAV) Price Target Raised to C$11.50

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price target hoisted by research analysts at CIBC from C$11.00 to C$11.50 in a report released on Friday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 16.16% from the company’s previous close.

A number of other analysts have also issued reports on the company. BMO Capital Markets raised their target price on Advantage Energy from C$12.00 to C$13.00 in a report on Tuesday. National Bankshares lowered their target price on Advantage Energy from C$13.00 to C$11.50 in a report on Friday, September 27th. National Bank Financial lowered 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. Finally, TD Securities reaffirmed a “buy” rating and issued a C$13.00 target price on shares of Advantage Energy in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Advantage Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$13.25.

Advantage Energy Stock Performance

Shares of TSE AAV remained flat at C$9.90 during mid-day trading on Friday. The stock had a trading volume of 85,601 shares, compared to its average volume of 429,116. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86. The stock has a market cap of C$1.65 billion, a PE ratio of 21.06, a PEG ratio of -3.58 and a beta of 1.46. The company’s fifty day moving average is C$9.22 and its two-hundred day moving average is C$9.42. Advantage Energy has a fifty-two week low of C$8.24 and a fifty-two week high of C$11.73.

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

Insider Buying and Selling

In other Advantage Energy news, Senior Officer Geoffrey Keyser acquired 4,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was purchased at an average price of C$8.89 per share, for a total transaction of C$35,540.00. Also, Director John Festival acquired 20,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was acquired at an average price of C$8.80 per share, with a total value of C$176,000.00. Insiders purchased 54,047 shares of company stock worth $476,272 in the last 90 days. 1.55% of the stock is owned by company 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.