Advantage Energy - AAV Stock Forecast, Price & News

Advantage Energy Ltd., together with its subsidiaries, acquires, exploits, develops, and produces crude oil, natural gas, and natural gas liquids in the Province of Alberta, Canada. The company focuses on the development and production of oil and natural gas resource that includes 228 net sections covering an area of 145,920 net acres of Doig/Montney rights in Glacier, Valhalla, Progress, and Pipestone/Wembley. It provides natural gas, oil, and natural gas liquids primarily through marketing companies. The company was formerly known as Advantage Oil & Gas Ltd. and changed its name to Advantage Energy Ltd. in May 2021. Advantage Energy Ltd. was founded in 2001 and is headquartered in Calgary, Canada.

Advantage Energy Stock Performance

Shares of Advantage Energy stock opened at C$11.50 on Friday. The business's fifty day simple moving average is C$9.69 and its 200 day simple moving average is C$9.07. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 13.49. Advantage Energy has a 12 month low of C$4.14 and a 12 month high of C$12.00. The firm has a market capitalization of C$2.16 billion and a P/E ratio of 3.78.

Advantage Energy (TSE:AAV - Get Rating) (NYSE:AAV) last announced its earnings results on Thursday, July 28th. The company reported C$0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.50 by C$0.33. The business had revenue of C$302.68 million for the quarter. As a group, analysts anticipate that Advantage Energy will post 1.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AAV shares. Cormark boosted their price objective on Advantage Energy from C$16.00 to C$17.00 in a report on Tuesday, August 2nd. TD Securities upped their price objective on shares of Advantage Energy from C$12.00 to C$13.00 and gave the stock a "buy" rating in a report on Monday, May 2nd. Stifel Nicolaus lifted their price objective on shares of Advantage Energy from C$13.75 to C$15.25 in a report on Thursday, August 4th. BMO Capital Markets upped their target price on shares of Advantage Energy from C$14.00 to C$15.00 in a report on Friday, July 29th. Finally, Standpoint Research raised their price target on shares of Advantage Energy from C$11.25 to C$12.75 and gave the company a "buy" rating in a research report on Monday, May 2nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Advantage Energy has an average rating of "Moderate Buy" and a consensus target price of C$12.81.

Insiders Place Their Bets

In related news, Director Jill Terilee Angevine bought 6,000 shares of the company's stock in a transaction on Monday, July 11th. The shares were purchased at an average cost of C$8.80 per share, for a total transaction of C$52,800.00. Following the completion of the purchase, the director now directly owns 36,000 shares in the company, valued at C$316,800. In other news, Director Jill Terilee Angevine bought 6,000 shares of the firm's stock in a transaction on Monday, July 11th. The stock was acquired at an average cost of C$8.80 per share, with a total value of C$52,800.00. Following the completion of the transaction, the director now directly owns 36,000 shares of the company's stock, valued at approximately C$316,800. Also, Director Andy Mah sold 75,000 shares of the business's stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of C$10.57, for a total value of C$792,750.00. Following the completion of the sale, the director now owns 652,434 shares in the company, valued at C$6,896,227.38. Over the last 90 days, insiders have sold 200,000 shares of company stock valued at $2,157,552.