Advantage Energy Ltd. (TSE:AAV) Receives C$13.85 Consensus PT from Brokerages

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$13.85.

A number of research firms recently weighed in on AAV. CIBC increased their price objective on Advantage Energy from C$11.00 to C$11.50 in a report on Friday, January 17th. National Bankshares upgraded Advantage Energy from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$11.50 to C$15.00 in a research report on Thursday, January 30th. National Bank Financial raised Advantage Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 20th. Cormark raised shares of Advantage Energy to a “moderate buy” rating in a research report on Thursday, March 6th. Finally, BMO Capital Markets boosted their price target on shares of Advantage Energy from C$12.00 to C$13.00 in a research report on Tuesday, January 14th.

Insider Buying and Selling

In other news, Senior Officer Geoffrey Keyser purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of C$9.10 per share, with a total value of C$27,300.00. Also, Director John Festival purchased 20,000 shares of the business’s stock in a transaction on Monday, March 10th. The stock was purchased at an average price of C$9.18 per share, for a total transaction of C$183,600.00. 1.55% of the stock is owned by insiders.

Advantage Energy Stock Down 0.6 %

Shares of TSE AAV opened at C$10.64 on Friday. The company has a 50 day simple moving average of C$9.71 and a 200 day simple moving average of C$9.38. The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72. Advantage Energy has a 1 year low of C$8.27 and a 1 year high of C$11.73. The firm has a market cap of C$1.77 billion, a PE ratio of 38.75, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46.

About Advantage Energy

Advantage Energy Ltd supplies clean, affordable, reliable, and sustainable Canadian energy to power the needs of Canada and the world. It is focused on the development and delineation of its Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla, and Progress, Alberta.