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

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective hoisted by Desjardins from C$13.00 to C$13.50 in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 25.70% from the stock’s current price.

AAV has been the topic of several other reports. BMO Capital Markets reaffirmed an “outperform” rating and set a C$13.00 target price on shares of Advantage Energy in a research report on Monday, April 8th. Raymond James dropped their price target on shares of Advantage Energy from C$13.00 to C$11.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. National Bankshares lifted their target price on shares of Advantage Energy from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a report on Friday, April 19th. Stifel Nicolaus cut their target price on shares of Advantage Energy from C$14.50 to C$13.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Finally, Scotiabank boosted their target price on shares of Advantage Energy from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Advantage Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.73.

Advantage Energy Price Performance

TSE:AAV opened at C$10.74 on Monday. The company has a debt-to-equity ratio of 22.74, a current ratio of 1.25 and a quick ratio of 0.72. The stock has a market cap of C$1.72 billion, a P/E ratio of 18.20, a PEG ratio of -3.58 and a beta of 1.65. Advantage Energy has a one year low of C$6.79 and a one year high of C$11.14. The company has a fifty day moving average price of C$10.13 and a 200 day moving average price of C$9.50.

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

Insider Buying and Selling at Advantage Energy

In other Advantage Energy news, Director John Larry Festival purchased 40,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were purchased 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.