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

Advantage Energy (TSE:AAV - Get Free Report) NYSE: AAV had its price objective boosted by research analysts at Royal Bank Of Canada from C$11.00 to C$12.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective would suggest a potential upside of 4.62% from the company's previous close.

Several other equities analysts have also commented on AAV. TD Cowen reiterated a "buy" rating and issued a C$14.00 target price on shares of Advantage Energy in a research note on Friday, May 2nd. Raymond James Financial lowered their price objective on shares of Advantage Energy from C$12.00 to C$11.00 in a research report on Wednesday, April 9th. Cormark raised Advantage Energy to a "moderate buy" rating in a research report on Thursday, March 6th. Desjardins upped their price target on shares of Advantage Energy from C$13.50 to C$14.00 and gave the company a "buy" rating in a report on Monday, May 5th. Finally, 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 report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Advantage Energy currently has an average rating of "Moderate Buy" and a consensus price target of C$12.95.

Advantage Energy Price Performance

TSE AAV traded down C$0.16 during trading hours on Monday, reaching C$11.47. The company's stock had a trading volume of 311,835 shares, compared to its average volume of 522,803. The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75. The company's 50-day moving average is C$11.19 and its two-hundred day moving average is C$10.19. Advantage Energy has a fifty-two week low of C$7.81 and a fifty-two week high of C$12.75. The stock has a market cap of C$1.90 billion, a PE ratio of 41.77, a PEG ratio of -3.58 and a beta of 1.46.

Insider Buying and Selling at Advantage Energy

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