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 Trading Down 1.0 %

Advantage Energy stock traded down C$0.12 during midday trading on Friday, hitting C$11.50. 284,594 shares of the stock were exchanged, compared to its average volume of 1,016,200. The company has a fifty day simple moving average of C$9.70 and a two-hundred day simple moving average of C$9.20. Advantage Energy has a 52 week low of C$4.26 and a 52 week high of C$12.00. The stock has a market capitalization of C$2.16 billion and a PE ratio of 3.86. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 13.49.

Advantage Energy (TSE:AAV - Get Rating) (NYSE:AAV) last announced its earnings results on Thursday, July 28th. The company reported C$0.83 EPS for the quarter, topping the consensus estimate of C$0.50 by C$0.33. The company had revenue of C$302.68 million for the quarter. Equities research analysts anticipate that Advantage Energy will post 1.7115066 EPS for the current fiscal year.

Analyst Ratings Changes

AAV has been the topic of several analyst reports. Cormark lifted their price target on shares of Advantage Energy from C$16.00 to C$17.00 in a research note on Tuesday, August 2nd. Stifel Nicolaus boosted their target price on shares of Advantage Energy from C$13.75 to C$15.25 in a research note on Thursday, August 4th. Standpoint Research upped their price target on shares of 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. BMO Capital Markets upped their price target on shares of Advantage Energy from C$14.00 to C$15.00 in a research note on Friday, July 29th. Finally, Raymond James boosted their price target on shares of Advantage Energy from C$13.00 to C$13.50 and gave the company an "outperform" rating in a report on Tuesday, July 5th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Advantage Energy currently has a consensus 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 acquisition, the director now owns 36,000 shares of the company's stock, valued at approximately C$316,800. In other Advantage Energy news, Director Jill Terilee Angevine acquired 6,000 shares of the stock in a transaction dated 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 completion of the acquisition, the director now directly owns 36,000 shares of the company's stock, valued at C$316,800. Also, Director Andy Mah sold 75,000 shares of the business's stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of C$10.57, for a total transaction of C$792,750.00. Following the transaction, the director now owns 652,434 shares in the company, valued at C$6,896,227.38. In the last three months, insiders have sold 200,000 shares of company stock worth $2,157,552.