Advantage Energy (TSE:AAV) Price Target Cut to C$11.50

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective reduced by analysts at National Bankshares from C$13.00 to C$11.50 in a research note issued on Friday, BayStreet.CA reports. National Bankshares’ price target would indicate a potential upside of 24.86% from the stock’s previous close.

Several other research analysts also recently commented on AAV. Cormark raised shares of Advantage Energy to a “moderate buy” rating in a report on Monday, September 23rd. TD Securities reaffirmed a “buy” rating and issued a C$14.00 price objective on shares of Advantage Energy in a research note on Friday, July 26th. ATB Capital upped their price objective on Advantage Energy from C$13.50 to C$14.00 in a report on Wednesday, July 10th. CIBC reiterated a “neutral” rating and set a C$12.00 target price on shares of Advantage Energy in a research report on Thursday, August 29th. Finally, Royal Bank of Canada raised their target price on shares of Advantage Energy from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a report on Wednesday, June 19th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$13.38.

Advantage Energy Stock Performance

Shares of AAV opened at C$9.21 on Friday. Advantage Energy has a one year low of C$8.02 and a one year high of C$11.73. The business has a fifty day moving average of C$9.44 and a 200 day moving average of C$10.13. The company has a debt-to-equity ratio of 46.86, a current ratio of 0.76 and a quick ratio of 0.72. The firm has a market capitalization of C$1.54 billion, a P/E ratio of 19.60, a PEG ratio of -3.58 and a beta of 1.48.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its earnings results on Thursday, July 25th. The company reported C($0.07) EPS for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04). The company had revenue of C$100.66 million during the quarter, compared to the consensus estimate of C$108.50 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. As a group, sell-side analysts anticipate that Advantage Energy will post 1.4695513 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Donald Craig Blackwood acquired 5,435 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of C$9.20 per share, for a total transaction of C$50,002.00. In other news, Director John Festival bought 20,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were acquired at an average price of C$9.58 per share, for a total transaction of C$191,600.00. Also, Senior Officer Donald Craig Blackwood acquired 5,435 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average price of C$9.20 per share, for a total transaction of C$50,002.00. In the last three months, insiders have purchased 69,435 shares of company stock valued at $658,321. Company insiders own 1.53% 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.