Advantage Energy’s (AAV) Buy Rating Reaffirmed at TD Securities

Advantage Energy (TSE:AAV) (NYSE:AAV)‘s stock had its “buy” rating restated by research analysts at TD Securities in a research note issued to investors on Friday, Stock Target Advisor reports. They currently have a C$14.00 price target on the stock. TD Securities’ price objective suggests a potential upside of 47.99% from the stock’s previous close.

Several other equities analysts have also recently issued reports on AAV. Desjardins raised their price target on Advantage Energy from C$13.00 to C$13.50 and gave the company a “buy” rating in a report on Monday, April 29th. Cormark set a C$15.00 target price on Advantage Energy and gave the company a “buy” rating in a research report on Wednesday, June 19th. Scotiabank boosted their target price on Advantage Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, June 19th. Royal Bank of Canada boosted their price target on Advantage Energy from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 19th. Finally, ATB Capital boosted their price target on Advantage Energy from C$13.50 to C$14.00 in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$13.68.

Advantage Energy Price Performance

Shares of TSE:AAV traded down C$0.34 during midday trading on Friday, reaching C$9.46. The company’s stock had a trading volume of 281,959 shares, compared to its average volume of 427,663. Advantage Energy has a fifty-two week low of C$8.02 and a fifty-two week high of C$11.73. The company has a market capitalization of C$1.52 billion, a P/E ratio of 16.59, a P/E/G ratio of -3.58 and a beta of 1.61. The company has a debt-to-equity ratio of 25.01, a current ratio of 0.72 and a quick ratio of 0.72. The business’s fifty day simple moving average is C$10.61 and its 200-day simple moving average is C$10.09.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced 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 return on equity of 6.06% and a net margin of 18.74%. The company had revenue of C$139.38 million during the quarter, compared to analyst estimates of C$132.00 million. As a group, equities research analysts expect that Advantage Energy will post 0.5729702 EPS for the current fiscal year.

Insider Activity

In other Advantage Energy news, Director Donald M. Clague bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were bought at an average price of C$10.58 per share, for a total transaction of C$52,900.00. In related news, Senior Officer Geoffrey Keyser bought 3,000 shares of Advantage Energy stock in a transaction on Monday, June 17th. The stock was acquired at an average price of C$10.15 per share, with a total value of C$30,450.00. Also, Director Donald M. Clague acquired 5,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was acquired at an average price of C$10.58 per share, with a total value of C$52,900.00. Over the last quarter, insiders purchased 37,000 shares of company stock valued at $372,069. Company insiders own 1.53% of the company’s stock.

Advantage Energy Company Profile

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.