TD Securities Lowers Advantage Energy (TSE:AAV) Price Target to C$13.00

Advantage Energy (TSE:AAV) (NYSE:AAV) had its target price dropped by research analysts at TD Securities from C$14.00 to C$13.00 in a research note issued on Tuesday, BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 36.84% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Cormark upgraded shares of Advantage Energy to a “moderate buy” rating in a research report on Monday, September 23rd. Royal Bank of Canada raised their price target on shares of Advantage Energy from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a report on Wednesday, June 19th. National Bank Financial set a C$11.50 price target on Advantage Energy and gave the stock a “sell” rating in a research note on Friday, September 27th. ATB Capital lifted their target price on Advantage Energy from C$13.50 to C$14.00 in a report on Wednesday, July 10th. Finally, CIBC reaffirmed a “neutral” rating and set a C$12.00 target price on shares of Advantage Energy in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$13.29.

Advantage Energy Trading Down 1.3 %

Advantage Energy stock opened at C$9.50 on Tuesday. The business’s fifty day simple moving average is C$9.41 and its two-hundred day simple moving average is C$10.12. 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 company has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of -3.58 and a beta of 1.48. Advantage Energy has a 12 month low of C$8.02 and a 12 month high of C$11.73.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its earnings results on Thursday, July 25th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.03) by C($0.04). Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. The business had revenue of C$100.66 million for the quarter, compared to the consensus estimate of C$108.50 million. As a group, equities analysts predict that Advantage Energy will post 1.4695513 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Festival acquired 20,000 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were bought at an average cost of C$8.94 per share, for a total transaction of C$178,800.00. In other Advantage Energy news, Director John Festival acquired 20,000 shares of the stock in a transaction on Friday, September 27th. The stock was purchased at an average price of C$8.94 per share, for a total transaction of C$178,800.00. Also, Director Jill Terilee Angevine acquired 24,000 shares of Advantage Energy stock in a transaction on Wednesday, July 10th. The shares were bought at an average price of C$9.91 per share, for a total transaction of C$237,919.20. Over the last 90 days, insiders purchased 69,435 shares of company stock valued at $658,321. Corporate insiders own 1.53% of the company’s stock.

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.