Analysts Set Advantage Energy Ltd. (TSE:AAV) Target Price at C$12.95

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV has earned an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$12.95.

Several research firms recently commented on AAV. Royal Bank Of Canada upped 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. Cormark raised shares of Advantage Energy to a "moderate buy" rating in a research note on Thursday, March 6th. Desjardins raised their target price on shares of Advantage Energy from C$13.50 to C$14.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Raymond James Financial dropped their price target on shares of Advantage Energy from C$12.00 to C$11.00 in a research report on Wednesday, April 9th. Finally, TD Cowen reiterated a "buy" rating and issued a C$14.00 price target on shares of Advantage Energy in a report on Friday, May 2nd.

Advantage Energy Price Performance

Shares of AAV traded down C$0.03 during mid-day trading on Tuesday, reaching C$11.44. 92,239 shares of the company's stock were exchanged, compared to its average volume of 519,440. 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 has a 52-week low of C$7.81 and a 52-week high of C$12.75. The company has a market cap of C$1.90 billion, a price-to-earnings ratio of 41.66, a PEG ratio of -3.58 and a beta of 1.46. The company has a 50-day simple moving average of C$11.19 and a two-hundred day simple moving average of C$10.19.

Insiders Place Their Bets

In related news, Director Daniel Stuart Farb acquired 32,500 shares of the business's stock in a transaction on Wednesday, April 9th. The shares were bought at an average cost of C$8.36 per share, with a total value of C$271,849.50. Company insiders own 1.55% of the company's stock.

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.