Advantage Energy (TSE:AAV) Given New C$14.00 Price Target at Desjardins

Advantage Energy (TSE:AAV - Get Free Report) NYSE: AAV had its price objective boosted by stock analysts at Desjardins from C$13.50 to C$14.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' price target suggests a potential upside of 34.87% from the stock's previous close.

Other equities research analysts also recently issued research reports about the stock. National Bank Financial upgraded shares of Advantage Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 20th. Cormark upgraded Advantage Energy to a "moderate buy" rating in a report on Thursday, March 6th. BMO Capital Markets lifted their price target on Advantage Energy from C$12.00 to C$13.00 in a report on Tuesday, January 14th. TD Cowen restated a "buy" rating and issued a C$14.00 price objective on shares of Advantage Energy in a research report on Friday, May 2nd. Finally, National Bankshares upgraded shares of Advantage Energy from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from C$11.50 to C$15.00 in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Advantage Energy presently has an average rating of "Moderate Buy" and an average target price of C$13.63.

Advantage Energy Stock Performance

AAV traded up C$0.13 on Monday, hitting C$10.38. 29,613 shares of the stock traded hands, compared to its average volume of 499,920. The firm has a market capitalization of C$1.72 billion, a PE ratio of 37.80, a P/E/G ratio of -3.58 and a beta of 1.46. Advantage Energy has a 52 week low of C$7.81 and a 52 week high of C$11.73. The business has a fifty day moving average price of C$9.83 and a two-hundred day moving average price of C$9.50. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40.

Insider Activity at Advantage Energy

In other Advantage Energy news, Director Daniel Stuart Farb purchased 32,500 shares of the company's stock in a transaction dated Wednesday, April 9th. The shares were bought at an average price of C$8.36 per share, with a total value of C$271,849.50. Also, Director John Festival purchased 20,000 shares of the business's stock in a transaction on Monday, March 10th. The stock was bought at an average cost of C$9.18 per share, for a total transaction of C$183,600.00. Insiders have bought 54,500 shares of company stock worth $472,770 in the last ninety days. Company insiders own 1.55% of the company's stock.

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.