Advantage Energy (TSE:AAV) PT Lowered to C$12.00 at BMO Capital Markets

Advantage Energy (TSE:AAV) (NYSE:AAV) had its target price reduced by research analysts at BMO Capital Markets from C$13.00 to C$12.00 in a report issued on Friday, MarketBeat.com reports.

Other analysts have also recently issued research reports about the stock. Scotiabank boosted their target price on shares of Advantage Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 19th. Cormark upgraded Advantage Energy to a “moderate buy” rating in a research note on Monday, September 23rd. CIBC restated a “neutral” rating and issued a C$12.00 target price on shares of Advantage Energy in a research report on Thursday, August 29th. National Bank Financial set a C$11.50 price target on Advantage Energy and gave the stock a “sell” rating in a research note on Friday, September 27th. Finally, ATB Capital increased their price objective on Advantage Energy from C$13.50 to C$14.00 in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$13.21.

Advantage Energy Stock Performance

The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 46.86. Advantage Energy has a 1 year low of C$8.02 and a 1 year high of C$11.73. The business’s 50-day simple moving average is C$9.40 and its 200 day simple moving average is C$10.12. The stock has a market capitalization of C$1.61 billion, a P/E ratio of 20.53, a P/E/G 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04). The business had revenue of C$100.66 million for the quarter, compared to analysts’ expectations of C$108.50 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. On average, research analysts predict that Advantage Energy will post 1.4695513 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jill Terilee Angevine acquired 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was purchased at an average price of C$9.91 per share, with a total value of C$237,919.20. In other news, Director Jill Terilee Angevine purchased 24,000 shares of Advantage Energy stock in a transaction dated Wednesday, July 10th. The shares were purchased at an average price of C$9.91 per share, with a total value of C$237,919.20. Also, Director John Festival acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average price of C$9.58 per share, for a total transaction of C$191,600.00. Insiders purchased 69,435 shares of company stock valued at $658,321 in the last three months. 1.53% of the stock is currently owned by insiders.

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.