Advantage Energy (TSE:AAV) PT Raised to C$11.00 at CIBC

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price target increased by equities researchers at CIBC from C$10.50 to C$11.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s target price would suggest a potential upside of 4.66% from the stock’s current price.

AAV has been the subject of a number of other research reports. Royal Bank of Canada raised their price target on shares of Advantage Energy from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 5th. BMO Capital Markets restated an “outperform” rating and set a C$13.00 price target on shares of Advantage Energy in a research note on Monday, April 8th. Scotiabank increased their price target on Advantage Energy from C$16.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 5th. Desjardins decreased their price target on Advantage Energy from C$13.25 to C$13.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Finally, Raymond James cut their price target on Advantage Energy from C$13.00 to C$11.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Advantage Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$12.50.

Advantage Energy Stock Down 0.5 %

Shares of TSE:AAV traded down C$0.05 during midday trading on Monday, hitting C$10.51. 157,182 shares of the stock were exchanged, compared to its average volume of 324,315. The company has a debt-to-equity ratio of 22.74, a quick ratio of 0.72 and a current ratio of 1.25. Advantage Energy has a 52-week low of C$6.79 and a 52-week high of C$11.05. The business’s fifty day simple moving average is C$9.92 and its two-hundred day simple moving average is C$9.44. The company has a market capitalization of C$1.68 billion, a PE ratio of 17.80, a P/E/G ratio of -3.58 and a beta of 1.65.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its earnings results on Monday, March 4th. The company reported C$0.25 EPS for the quarter, topping the consensus estimate of C$0.19 by C$0.06. The firm had revenue of C$147.14 million for the quarter, compared to the consensus estimate of C$141.00 million. Advantage Energy had a net margin of 19.94% and a return on equity of 6.43%. As a group, research analysts predict that Advantage Energy will post 0.5298117 earnings per share for the current fiscal year.

Insider Activity

In other news, Director John Larry Festival bought 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was acquired 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 corporate insiders.

Advantage Energy Company Profile

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.