Advantage Energy Ltd. (TSE:AAV) Receives C$13.21 Consensus PT from Analysts

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$13.21.

Several equities analysts have commented on AAV shares. Cormark raised shares of Advantage Energy to a “moderate buy” rating in a research report on Monday, September 23rd. National Bank Financial cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. National Bankshares reduced their price target on Advantage Energy from C$13.00 to C$11.50 in a research report on Friday, September 27th. BMO Capital Markets lowered their price objective on Advantage Energy from C$13.00 to C$12.00 in a research report on Friday, October 4th. Finally, TD Securities reaffirmed a “buy” rating and issued a C$13.00 target price on shares of Advantage Energy in a report on Wednesday, October 9th.

Advantage Energy Stock Performance

TSE:AAV opened at C$10.05 on Tuesday. Advantage Energy has a fifty-two week low of C$8.24 and a fifty-two week high of C$11.73. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76. The company has a 50 day moving average price of C$9.17 and a 200 day moving average price of C$9.43. The stock has a market capitalization of C$1.68 billion, a P/E ratio of 21.38, a PEG ratio of -3.58 and a beta of 1.46.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings results on Thursday, October 24th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. The business had revenue of C$144.86 million for the quarter, compared to analysts’ expectations of C$161.10 million. Equities research analysts forecast that Advantage Energy will post 1.4701493 EPS for the current year.

Insider Activity

In other news, Director Stephen Balog purchased 5,000 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were acquired at an average cost of C$8.80 per share, for a total transaction of C$44,000.00. Also, Senior Officer Geoffrey Keyser acquired 4,000 shares of Advantage Energy stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average price of C$8.89 per share, with a total value of C$35,540.00. Over the last 90 days, insiders have purchased 54,047 shares of company stock valued at $476,272. Company insiders own 1.55% 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.