Advantage Energy (TSE:AAV) Price Target Raised to C$12.00 at Royal Bank Of Canada

Advantage Energy (TSE:AAV - Get Free Report) NYSE: AAV had its price target boosted by investment analysts at Royal Bank Of Canada from C$11.00 to C$12.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective suggests a potential upside of 1.44% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Cormark upgraded shares of Advantage Energy to a "moderate buy" rating in a report on Thursday, March 6th. TD Cowen reaffirmed a "buy" rating and set a C$14.00 price target on shares of Advantage Energy in a research note on Friday, May 2nd. Raymond James Financial lowered their price target on Advantage Energy from C$12.00 to C$11.00 in a report on Wednesday, April 9th. CIBC raised their price objective on Advantage Energy from C$11.50 to C$12.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Desjardins lifted their target price on Advantage Energy from C$13.50 to C$14.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$12.95.

Advantage Energy Trading Up 0.4%

Shares of AAV traded up C$0.05 during midday trading on Monday, hitting C$11.83. The stock had a trading volume of 416,749 shares, compared to its average volume of 522,672. Advantage Energy has a 1 year low of C$7.81 and a 1 year high of C$12.75. The firm has a market cap of C$1.96 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72. The stock's 50 day moving average is C$11.11 and its 200 day moving average is C$10.15.

Insider Buying and Selling

In other Advantage Energy news, Director Daniel Stuart Farb purchased 32,500 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The shares were bought at an average price of C$8.36 per share, for a total transaction of C$271,849.50. 1.55% of the stock is currently owned by corporate insiders.

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.