Advantage Energy (TSE:AAV) Given a C$13.50 Price Target by Ventum Financial Analysts

Key Points

• Ventum Financial initiated a C$13.50 price target for Advantage Energy and maintained a “buy” rating, implying approximately 25.9% upside from the previous close.
• Analyst sentiment remains positive overall, with the stock carrying a “Moderate Buy” consensus rating and an average price target of C$13.79; ratings include one Strong Buy, four Buys, and three Holds.
• Advantage Energy shares fell 0.5% to C$10.72 in Friday trading. The company recently reported C$0.27 quarterly EPS and C$178.76 million in revenue, while analysts forecast C$1.47 EPS for the current fiscal year.

Advantage Energy (TSE:AAV - Get Free Report) NYSE: AAV received a C$13.50 price target from analysts at Ventum Financial in a note issued to investors on Friday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. Ventum Financial's price objective points to a potential upside of 25.93% from the stock's previous close.

AAV has been the subject of several other reports. Scotiabank upgraded shares of Advantage Energy to a "strong-buy" rating in a research report on Friday, June 26th. Raymond James Financial lowered shares of Advantage Energy from a "moderate buy" rating to a "hold" rating and decreased their price target for the company from C$14.00 to C$13.00 in a report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$13.79.

Advantage Energy Stock Down 0.5%

TSE AAV traded down C$0.05 during trading hours on Friday, reaching C$10.72. 558,044 shares of the company's stock were exchanged, compared to its average volume of 896,419. The company's 50-day moving average is C$10.61 and its two-hundred day moving average is C$10.39. The company has a debt-to-equity ratio of 55.11, a quick ratio of 0.72 and a current ratio of 0.34. Advantage Energy has a one year low of C$9.19 and a one year high of C$13.20. The company has a market capitalization of C$1.79 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of -3.58 and a beta of -0.47.

Advantage Energy (TSE:AAV - Get Free Report) NYSE: AAV last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.27 earnings per share (EPS) for the quarter. Advantage Energy had a return on equity of 4.91% and a net margin of 12.02%. The company had revenue of C$178.76 million for the quarter. On average, analysts forecast that Advantage Energy will post 1.47 EPS for the current fiscal year.

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.

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