Advantage Energy Ltd. (TSE:AAV) Receives Consensus Recommendation of "Moderate Buy" from Analysts

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 been assigned an average recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$12.83.

AAV has been the topic of several analyst reports. TD Cowen reissued a "buy" rating and issued a C$14.00 price objective on shares of Advantage Energy in a research note on Friday, May 2nd. Royal Bank Of Canada boosted their price objective on shares of Advantage Energy from C$11.00 to C$12.00 and gave the stock a "sector perform" rating in a research note 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 research note 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 research note on Monday, May 5th.

Advantage Energy Trading Up 2.3%

Shares of Advantage Energy stock traded up C$0.24 during trading on Wednesday, hitting C$10.87. The company's stock had a trading volume of 360,994 shares, compared to its average volume of 515,066. 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 52 week low of C$7.81 and a 52 week 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 price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The stock has a 50-day moving average price of C$11.26 and a two-hundred day moving average price of C$10.55.

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.