Advantage Energy (TSE:AAV) Price Target Raised to C$12.00

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective increased by investment analysts at Royal Bank Of Canada from C$11.00 to C$12.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 1.44% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Raymond James Financial decreased their price objective on shares of Advantage Energy from C$12.00 to C$11.00 in a research report on Wednesday, April 9th. Cormark raised shares of Advantage Energy to a “moderate buy” rating in a research report on Thursday, March 6th. CIBC lifted their price objective on shares of Advantage Energy from C$11.50 to C$12.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. TD Cowen reissued a “buy” rating and issued a C$14.00 price objective on shares of Advantage Energy in a research report on Friday, May 2nd. Finally, Desjardins lifted their price objective on shares of Advantage Energy from C$13.50 to C$14.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.95.

Advantage Energy Stock Performance

Shares of AAV opened at C$11.83 on Monday. The firm has a 50-day moving average of C$11.14 and a 200-day moving average of C$10.16. Advantage Energy has a one year low of C$7.81 and a one year high of C$12.75. The company has a market cap of C$1.96 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72.

Insider Activity

In other Advantage Energy news, Director Daniel Stuart Farb acquired 32,500 shares of the company’s stock in a transaction on Wednesday, April 9th. The stock was acquired at an average price of C$8.36 per share, for a total transaction of C$271,849.50. Corporate insiders own 1.55% of the company’s stock.

About Advantage Energy

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.