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

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective decreased by TD Securities from C$14.00 to C$13.00 in a report issued on Tuesday, BayStreet.CA reports.

AAV has been the topic of a number of other reports. Royal Bank of Canada lifted their price target on shares of Advantage Energy from C$11.00 to C$12.00 and gave the stock a sector perform rating in a research report on Wednesday, June 19th. National Bankshares reduced their target price on Advantage Energy from C$13.00 to C$11.50 in a report on Friday, September 27th. ATB Capital increased their price target on Advantage Energy from C$13.50 to C$14.00 in a report on Wednesday, July 10th. Cormark raised Advantage Energy to a moderate buy rating in a research report on Monday, September 23rd. Finally, CIBC reiterated a neutral rating and issued a C$12.00 price objective on shares of Advantage Energy in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Advantage Energy currently has a consensus rating of Moderate Buy and an average price target of C$13.29.

Advantage Energy Trading Up 2.2 %

TSE:AAV opened at C$9.71 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86. Advantage Energy has a 1-year low of C$8.02 and a 1-year high of C$11.73. The firm has a market capitalization of C$1.62 billion, a price-to-earnings ratio of 20.66, a PEG ratio of -3.58 and a beta of 1.48. The business’s 50-day moving average price is C$9.40 and its two-hundred day moving average price is C$10.12.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings results on Thursday, July 25th. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$100.66 million during the quarter, compared to analyst estimates of C$108.50 million. On average, equities analysts expect that Advantage Energy will post 1.4695513 earnings per share for the current year.

Insiders Place Their Bets

In other Advantage Energy news, Director John Festival acquired 20,000 shares of the 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 bought 20,000 shares of Advantage Energy stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average price of C$8.94 per share, for a total transaction of C$178,800.00. Also, Senior Officer Donald Craig Blackwood bought 5,435 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of C$9.20 per share, with a total value of C$50,002.00. Insiders bought a total of 69,435 shares of company stock valued at $658,321 in the last quarter. 1.53% of the stock is currently owned by 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.