Advantage Energy Ltd. (TSE:AAV) Receives C$12.83 Consensus Target Price from Brokerages

Key Points

• Analysts have assigned Advantage Energy Ltd. (TSE:AAV) an average rating of “Moderate Buy”, with two hold recommendations, four buy recommendations, and one strong buy.
• The average twelve-month target price for the stock is C$12.83, with several firms updating their price targets between C$12.00 and C$14.00.
• Advantage Energy, focused on natural gas and liquid resources, has a market cap of C$1.69 billion and reported a one-year price range between C$7.81 and C$12.75.

Shares of Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV have earned an average recommendation of "Moderate Buy" from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$12.83.

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Advantage Energy from C$11.00 to C$12.00 and gave the company a "sector perform" rating in a report on Monday, June 30th. CIBC boosted their price objective on shares of Advantage Energy from C$11.50 to C$12.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. TD Cowen restated a "buy" rating and issued a C$14.00 price objective on shares of Advantage Energy in a report on Friday, May 2nd. Finally, Desjardins boosted their price objective on shares of Advantage Energy from C$13.50 to C$14.00 and gave the stock a "buy" rating in a report on Monday, May 5th.

Advantage Energy Stock Up 2.3%

Shares of AAV stock traded up C$0.24 during trading hours on Wednesday, hitting C$10.87. 360,994 shares of the company's stock traded hands, compared to its average volume of 515,066. The stock's fifty day simple moving average is C$11.29 and its two-hundred day simple moving average is C$10.52. Advantage Energy has a 12-month low of C$7.81 and a 12-month high of C$12.75. The stock has a market cap of C$1.80 billion, a price-to-earnings ratio of 39.58, a PEG ratio of -3.58 and a beta of 1.46. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40.

Advantage Energy Company Profile

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.