Advantage Energy Ltd. (TSE:AAV) Receives C$13.21 Consensus Target Price from Analysts

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$13.21.

Several equities analysts have weighed in on the company. TD Securities reissued a “buy” rating and issued a C$13.00 target price on shares of Advantage Energy in a research note on Wednesday, October 9th. BMO Capital Markets reduced their price objective on shares of Advantage Energy from C$13.00 to C$12.00 in a research note on Friday, October 4th. National Bank Financial downgraded shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. CIBC reissued a “neutral” rating and set a C$12.00 price target on shares of Advantage Energy in a research report on Thursday, August 29th. Finally, National Bankshares lowered their price objective on shares of Advantage Energy from C$13.00 to C$11.50 in a research report on Friday, September 27th.

Insider Buying and Selling

In other Advantage Energy news, Senior Officer Geoffrey Keyser purchased 4,000 shares of the stock in a transaction on Monday, October 28th. The shares were purchased at an average cost of C$8.89 per share, for a total transaction of C$35,540.00. Also, Director Stephen Balog acquired 5,000 shares of Advantage Energy stock in a transaction dated Thursday, October 31st. The shares were acquired at an average price of C$8.80 per share, with a total value of C$44,000.00. Over the last three months, insiders bought 74,047 shares of company stock worth $655,072. 1.55% of the stock is owned by corporate insiders.

Advantage Energy Trading Up 0.2 %

AAV opened at C$8.63 on Friday. The firm has a 50 day simple moving average of C$9.00 and a 200 day simple moving average of C$9.65. Advantage Energy has a fifty-two week low of C$8.19 and a fifty-two week high of C$11.73. The company has a market cap of C$1.44 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company has a debt-to-equity ratio of 46.86, a current ratio of 0.76 and a quick ratio of 0.72.

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

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.