Desjardins Increases Advantage Energy (TSE:AAV) Price Target to C$13.50

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective upped by Desjardins from C$13.00 to C$13.50 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 24.31% from the company’s current price.

Several other equities analysts also recently weighed in on the company. National Bankshares increased their target price on Advantage Energy from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Friday, April 19th. BMO Capital Markets reissued an “outperform” rating and issued a C$13.00 target price on shares of Advantage Energy in a research report on Monday, April 8th. Stifel Nicolaus lowered their target price on shares of Advantage Energy from C$14.50 to C$13.00 and set a “buy” rating for the company in a report on Monday, February 5th. Scotiabank increased their target price 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. Finally, CIBC raised their target price on shares of Advantage Energy from C$10.50 to C$11.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Advantage Energy has a consensus rating of “Moderate Buy” and an average price target of C$12.73.

Advantage Energy Trading Up 0.2 %

Shares of TSE AAV traded up C$0.02 during midday trading on Monday, reaching C$10.86. 122,407 shares of the stock were exchanged, compared to its average volume of 320,284. The stock has a 50 day moving average price of C$10.06 and a 200-day moving average price of C$9.49. The company has a current ratio of 1.25, a quick ratio of 0.72 and a debt-to-equity ratio of 22.74. The company has a market capitalization of C$1.74 billion, a P/E ratio of 18.41, a P/E/G ratio of -3.58 and a beta of 1.65. Advantage Energy has a 52-week low of C$6.79 and a 52-week high of C$11.14.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its earnings results on Thursday, April 25th. The company reported C$0.14 EPS for the quarter, topping the consensus estimate of C$0.11 by C$0.03. The firm had revenue of C$139.38 million during the quarter, compared to analysts’ expectations of C$132.00 million. Advantage Energy had a net margin of 19.94% and a return on equity of 6.43%. Equities research analysts expect that Advantage Energy will post 0.5298117 earnings per share for the current fiscal year.

Insider Buying and Selling at Advantage Energy

In related news, Director John Larry Festival bought 40,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were acquired at an average price of C$9.95 per share, for a total transaction of C$398,000.00. 1.27% of the stock is currently owned by corporate 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.