Advantage Energy Ltd. (TSE:AAV) Given Average Recommendation of "Moderate Buy" by Analysts

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 earned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$12.83.

Several equities research analysts recently issued reports on AAV shares. Raymond James Financial dropped their price target on shares of Advantage Energy from C$12.00 to C$11.00 in a research note on Wednesday, April 9th. Desjardins boosted their price target on 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. CIBC raised their price objective 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 set a C$14.00 price objective on shares of Advantage Energy in a report on Friday, May 2nd. Finally, Royal Bank Of Canada increased 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.

Advantage Energy Stock Performance

TSE AAV opened at C$11.02 on Friday. The stock has a market cap of C$1.83 billion, a P/E ratio of 40.13, a PEG ratio of -3.58 and a beta of 1.46. The company's fifty day simple moving average is C$11.49 and its 200-day simple moving average is C$10.40. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40. Advantage Energy has a 52 week low of C$7.81 and a 52 week high of C$12.75.

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.

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