Analysts Set Advantage Energy Ltd. (TSE:AAV) Price Target at C$12.95

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$12.95.

A number of research firms have weighed in on AAV. Cormark raised shares of Advantage Energy to a “moderate buy” rating in a research note on Thursday, March 6th. Royal Bank Of Canada increased their target price 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 Monday. CIBC increased their price target on 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 target price on Advantage Energy from C$13.50 to C$14.00 and gave the stock a “buy” rating in a research note on Monday, May 5th.

Insiders Place Their Bets

In other news, Director Daniel Stuart Farb acquired 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 9th. The stock was bought at an average price of C$8.36 per share, with a total value of C$271,849.50. 1.55% of the stock is currently owned by company insiders.

Advantage Energy Stock Down 1.4%

Shares of TSE:AAV opened at C$11.47 on Tuesday. The business has a fifty day simple moving average of C$11.19 and a 200 day simple moving average of C$10.19. Advantage Energy has a 12-month low of C$7.81 and a 12-month high of C$12.75. The firm has a market cap of C$1.90 billion, a P/E ratio of 41.77, a P/E/G ratio of -3.58 and a beta of 1.46. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40.

Advantage Energy Company Profile

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.