Desjardins Forecasts Strong Price Appreciation for Advantage Energy (TSE:AAV) Stock

Advantage Energy (TSE:AAV - Get Free Report) NYSE: AAV had its price objective raised by analysts at Desjardins from C$13.50 to C$14.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' target price would indicate a potential upside of 33.21% from the company's current price.

Several other equities analysts have also issued reports on the stock. National Bank Financial upgraded shares of Advantage Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, January 20th. TD Cowen reissued a "buy" rating and issued a C$14.00 target price on shares of Advantage Energy in a report on Friday, May 2nd. CIBC increased their target price on 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. Raymond James lowered their price target on Advantage Energy from C$12.00 to C$11.00 in a research report on Wednesday, April 9th. Finally, National Bankshares raised shares of Advantage Energy from a "sector perform" rating to an "outperform" rating and increased their price objective for the company 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$13.63.

Advantage Energy Stock Up 2.5 %

Shares of AAV stock traded up C$0.26 during mid-day trading on Monday, reaching C$10.51. 269,872 shares of the company's stock traded hands, compared to its average volume of 502,713. The company's 50-day moving average price is C$9.85 and its 200-day moving average price is C$9.51. The company has a market cap of C$1.74 billion, a P/E ratio of 38.27, a P/E/G ratio of -3.58 and a beta of 1.46. 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 12 month low of C$7.81 and a 12 month high of C$11.73.

Insider Buying and Selling at Advantage Energy

In related news, Director Daniel Stuart Farb purchased 32,500 shares of Advantage Energy stock in a transaction on Wednesday, April 9th. The stock was acquired at an average price of C$8.36 per share, for a total transaction of C$271,849.50. Also, Director John Festival acquired 20,000 shares of the firm's stock in a transaction dated 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. Over the last 90 days, insiders have bought 54,500 shares of company stock valued at $472,770. 1.55% of the stock is owned by company insiders.

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.