Advantage Energy Ltd. (TSE:AAV) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Advantage Energy Ltd. has received a consensus rating of "Moderate Buy" from analysts, with two hold, four buy, and one strong buy recommendations.
• The average target price set by analysts for Advantage Energy’s stock is C$12.83, with notable price adjustments from various firms.
• Currently, the stock is trading at C$11.02 with a market capitalization of C$1.83 billion and a 52-week range between C$7.81 and C$12.75.

Shares of Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV have been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$12.83.

A number of analysts have recently weighed in on AAV shares. Royal Bank Of Canada raised their target price on Advantage Energy from C$11.00 to C$12.00 and gave the company a "sector perform" rating in a research note on Monday, June 30th. Raymond James Financial lowered their target price on Advantage Energy from C$12.00 to C$11.00 in a research note on Wednesday, April 9th. CIBC raised their target price on Advantage Energy from C$11.50 to C$12.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. TD Cowen restated a "buy" rating and issued a C$14.00 target price on shares of Advantage Energy in a research note on Friday, May 2nd. Finally, Desjardins raised their target price on Advantage Energy from C$13.50 to C$14.00 and gave the company a "buy" rating in a research note on Monday, May 5th.

Advantage Energy Stock Performance

Advantage Energy stock traded up C$0.07 during trading hours on Friday, reaching C$11.18. 356,289 shares of the company were exchanged, compared to its average volume of 513,778. The firm has a market cap of C$1.86 billion, a price-to-earnings ratio of 40.71, a PEG ratio of -3.58 and a beta of 1.46. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40. The stock has a 50-day moving average of C$11.51 and a 200 day moving average of C$10.41. Advantage Energy has a 12 month low of C$7.81 and a 12 month high of C$12.75.

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.