Advantage Energy Ltd. (TSE:AAV) Receives Consensus Rating of “Moderate Buy” from Brokerages

by · The Cerbat Gem

Shares of Advantage Energy Ltd. (TSE:AAV – Get Free Report) (NYSE:AAV) have received an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$12.34.

A number of research analysts have weighed in on AAV shares. Desjardins reduced their price target on shares of Advantage Energy from C$13.25 to C$13.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. BMO Capital Markets reissued an “outperform” rating and set a C$13.00 target price on shares of Advantage Energy in a research report on Monday, April 8th. CIBC reduced their target price on shares of Advantage Energy from C$10.50 to C$9.75 in a research report on Tuesday, January 16th. TD Securities boosted their target price on shares of Advantage Energy from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Scotiabank boosted their target price on shares of Advantage Energy from C$16.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 5th.

Read Our Latest Research Report on AAV

Insider Buying and Selling

In related news, Director John Larry Festival purchased 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was acquired at an average price of C$9.95 per share, for a total transaction of C$398,000.00. Insiders own 1.27% of the company’s stock.

Advantage Energy Stock Performance

Shares of TSE AAV opened at C$10.49 on Friday. The company has a market cap of C$1.68 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of -3.58 and a beta of 1.65. The company has a debt-to-equity ratio of 22.74, a current ratio of 1.25 and a quick ratio of 0.72. Advantage Energy has a 12 month low of C$6.79 and a 12 month high of C$11.05. The company has a 50-day simple moving average of C$9.78 and a 200-day simple moving average of C$9.40.

Advantage Energy (TSE:AAV – Get Free Report) (NYSE:AAV) last announced its quarterly earnings results on Monday, March 4th. The company reported C$0.25 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.06. The firm had revenue of C$147.14 million for the quarter, compared to analysts’ expectations of C$141.00 million. Advantage Energy had a net margin of 19.94% and a return on equity of 6.43%. On average, equities analysts anticipate that Advantage Energy will post 0.5298117 earnings per share for the current year.

Advantage Energy Company Profile

(Get Free Report

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.

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