Advantage Energy (TSE:AAV) PT Raised to C$13.50 at Desjardins

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective raised by stock analysts at Desjardins from C$13.00 to C$13.50 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 25.70% from the stock’s current price.

A number of other research firms also recently commented on AAV. BMO Capital Markets reiterated an “outperform” rating and issued a C$13.00 price target on shares of Advantage Energy in a research note on Monday, April 8th. Scotiabank upped their price objective on shares of Advantage Energy from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 5th. National Bankshares raised their target price on shares of Advantage Energy from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a report on Friday, April 19th. Raymond James lowered their target price on Advantage Energy from C$13.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Finally, CIBC upped their target price on shares of Advantage Energy from C$10.50 to C$11.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$12.73.

Advantage Energy Stock Performance

TSE:AAV opened at C$10.74 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.25 and a debt-to-equity ratio of 22.74. The firm’s fifty day simple moving average is C$10.13 and its 200 day simple moving average is C$9.50. The stock has a market cap of C$1.72 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of -3.58 and a beta of 1.65. Advantage Energy has a twelve month low of C$6.79 and a twelve month high of C$11.14.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its quarterly earnings results on Thursday, April 25th. The company reported C$0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.03. The business had revenue of C$139.38 million during the quarter, compared to the consensus estimate of C$132.00 million. Advantage Energy had a return on equity of 6.43% and a net margin of 19.94%. As a group, research analysts predict that Advantage Energy will post 0.5298117 EPS for the current year.

Insiders Place Their Bets

In related news, Director John Larry Festival purchased 40,000 shares of Advantage Energy stock in a transaction dated Tuesday, March 19th. The stock was bought at an average cost of C$9.95 per share, for a total transaction of C$398,000.00. 1.27% 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.