Advantage Energy (TSE:AAV) Given New C$13.00 Price Target at BMO Capital Markets

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price target increased by equities researchers at BMO Capital Markets from C$12.00 to C$13.00 in a research report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 27.83% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. National Bankshares decreased their price objective on Advantage Energy from C$13.00 to C$11.50 in a report on Friday, September 27th. TD Securities reiterated a “buy” rating and issued a C$13.00 price target on shares of Advantage Energy in a report on Wednesday, October 9th. Cormark raised Advantage Energy to a “moderate buy” rating in a research report on Monday, September 23rd. Finally, National Bank Financial cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$13.29.

Advantage Energy Stock Up 1.2 %

Shares of Advantage Energy stock traded up C$0.12 during trading hours on Tuesday, hitting C$10.17. The company had a trading volume of 285,586 shares, compared to its average volume of 381,719. Advantage Energy has a twelve month low of C$8.24 and a twelve month high of C$11.73. The company has a market cap of C$1.70 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. 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 company’s 50-day moving average is C$9.17 and its two-hundred day moving average is C$9.43.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its earnings results on Thursday, October 24th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). The company had revenue of C$144.86 million during the quarter, compared to analyst estimates of C$161.10 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. Analysts anticipate that Advantage Energy will post 1.4701493 earnings per share for the current fiscal year.

Insider Activity

In other Advantage Energy news, Senior Officer Darren Tisdale bought 3,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were bought at an average price of C$8.85 per share, for a total transaction of C$26,550.00. Also, Director John Festival purchased 20,000 shares of Advantage Energy stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average price of C$8.80 per share, for a total transaction of C$176,000.00. In the last three months, insiders have acquired 54,047 shares of company stock worth $476,272. Corporate insiders own 1.55% 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.