Advantage Energy Ltd. (TSE:AAV) Stock Has Average Price Target of C$13.83 According to Analysts

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$13.83.

A number of equities research analysts recently commented on AAV shares. Raymond James Financial downgraded Advantage Energy from a “moderate buy” rating to a “hold” rating and decreased their target price for the stock from C$14.00 to C$13.00 in a research report on Wednesday, September 16th. Scotiabank upgraded Advantage Energy to a “strong-buy” rating in a report on Friday, June 26th.

Advantage Energy Trading Up 0.6%

Shares of Advantage Energy stock opened at C$10.56 on Wednesday. Advantage Energy has a fifty-two week low of C$9.19 and a fifty-two week high of C$13.20. The company has a debt-to-equity ratio of 55.11, a quick ratio of 0.72 and a current ratio of 0.34. The company has a market capitalization of C$1.77 billion, a P/E ratio of 21.55, a P/E/G ratio of -3.58 and a beta of -0.47. The company has a fifty day moving average of C$10.65 and a 200 day moving average of C$10.41.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.27 EPS for the quarter. Advantage Energy had a return on equity of 4.91% and a net margin of 12.02%. The business had revenue of C$178.76 million for the quarter. On average, sell-side analysts anticipate that Advantage Energy will post 1.47 earnings per share for the current fiscal year.

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.