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.

Analyst Ratings Changes

AAV has been the topic of a number of research reports. Standpoint Research raised their price target on Advantage Energy from C$11.25 to C$12.75 and gave the stock a "buy" rating in a research note on Monday, May 2nd. CIBC dropped their price objective on shares of Advantage Energy from C$14.00 to C$12.00 in a report on Wednesday, July 13th. Stifel Nicolaus upped their target price on shares of Advantage Energy from C$13.75 to C$15.25 in a report on Thursday, August 4th. National Bankshares cut their price objective on shares of Advantage Energy from C$18.00 to C$15.00 and set an "outperform" rating for the company in a research report on Monday, July 18th. Finally, Scotiabank upped their price objective on Advantage Energy from C$13.50 to C$15.00 in a research note on Thursday, July 14th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Advantage Energy has an average rating of "Moderate Buy" and an average target price of C$12.81.

Advantage Energy Price Performance

Shares of Advantage Energy stock opened at C$11.50 on Monday. The company has a market capitalization of C$2.16 billion and a price-to-earnings ratio of 3.78. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 13.49. The stock's 50-day simple moving average is C$9.69 and its 200-day simple moving average is C$9.09. Advantage Energy has a 52 week low of C$4.14 and a 52 week high of C$12.00.

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

Insiders Place Their Bets

In related news, Senior Officer Donald Craig Blackwood sold 50,000 shares of the company's stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of C$10.87, for a total value of C$543,500.00. Following the transaction, the insider now directly owns 828,594 shares of the company's stock, valued at approximately C$9,006,816.78. In other news, Director Jill Terilee Angevine acquired 6,000 shares of the stock in a transaction that occurred on Monday, July 11th. The shares were bought at an average cost of C$8.80 per share, for a total transaction of C$52,800.00. Following the acquisition, the director now owns 36,000 shares in the company, valued at approximately C$316,800. Also, Senior Officer Donald Craig Blackwood sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of C$10.87, for a total value of C$543,500.00. Following the sale, the insider now owns 828,594 shares of the company's stock, valued at C$9,006,816.78. Insiders have sold 200,000 shares of company stock worth $2,157,552 in the last ninety days.