Brokerages Set Advantage Energy Ltd. (TSE:AAV) Target Price at C$14.17

Advantage Energy Ltd. (TSE:AAV – Get Free Report) (NYSE:AAV) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$14.17.

A number of analysts have recently weighed in on the company. National Bank Financial raised Advantage Energy from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$14.00 to C$15.00 in a research report on Friday, February 13th. BMO Capital Markets lowered Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price objective on the stock. in a research report on Tuesday, April 7th. Finally, ATB Cormark Capital Markets lowered Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and cut their price objective for the stock from C$15.00 to C$14.00 in a research report on Friday, February 13th.

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Advantage Energy Stock Up 2.2%

Advantage Energy stock opened at C$10.24 on Thursday. Advantage Energy has a twelve month low of C$9.19 and a twelve month high of C$13.20. The stock’s fifty day simple moving average is C$10.12 and its 200-day simple moving average is C$10.92. The company has a current ratio of 0.38, a quick ratio of 0.72 and a debt-to-equity ratio of 48.61. The firm has a market capitalization of C$1.72 billion, a P/E ratio of 15.75, a P/E/G ratio of -3.58 and a beta of -0.42.

Advantage Energy (TSE:AAV – Get Free Report) (NYSE:AAV) last posted its quarterly earnings data on Thursday, March 5th. The company reported C$0.06 earnings per share for the quarter. Advantage Energy had a return on equity of 6.59% and a net margin of 16.83%.The business had revenue of C$169.03 million for the quarter. As a group, equities analysts expect that Advantage Energy will post 1.4701493 earnings per share for the current fiscal year.

Insider Buying and Selling at Advantage Energy

In related news, Director Donald M. Clague acquired 5,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of C$9.92 per share, with a total value of C$49,600.00. Following the completion of the transaction, the director owned 90,000 shares of the company’s stock, valued at C$892,800. The trade was a 5.88% increase in their ownership of the stock. Corporate insiders own 1.55% of the company’s stock.

Advantage Energy Company Profile

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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.

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