Advantage Energy Ltd. (TSE:AAV) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$12.73.

A number of equities analysts have recently issued reports on the company. National Bankshares increased their target price on Advantage Energy from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a report on Friday, April 19th. BMO Capital Markets restated an “outperform” rating and issued a C$13.00 target price on shares of Advantage Energy in a research note on Monday, April 8th. CIBC increased their price objective on shares of Advantage Energy from C$10.50 to C$11.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Royal Bank of Canada upped their target price on shares of Advantage Energy from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 5th. Finally, Desjardins raised their price target on shares of Advantage Energy from C$13.00 to C$13.50 and gave the company a “buy” rating in a report on Monday.

Advantage Energy Stock Down 0.8 %

Shares of AAV opened at C$10.65 on Thursday. The company has a debt-to-equity ratio of 22.74, a quick ratio of 0.72 and a current ratio of 1.25. The company has a 50-day simple moving average of C$10.14 and a 200-day simple moving average of C$9.51. Advantage Energy has a 52 week low of C$6.79 and a 52 week high of C$11.14. The firm has a market capitalization of C$1.70 billion, a P/E ratio of 18.05, a P/E/G ratio of -3.58 and a beta of 1.65.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings results on Thursday, April 25th. The company reported C$0.14 EPS for the quarter, beating the consensus estimate of C$0.11 by C$0.03. Advantage Energy had a return on equity of 6.43% and a net margin of 19.94%. The firm had revenue of C$139.38 million during the quarter, compared to analysts’ expectations of C$132.00 million. On average, equities research analysts expect that Advantage Energy will post 0.5298117 earnings per share for the current year.

Insider Transactions at Advantage Energy

In related news, Director John Larry Festival bought 40,000 shares of Advantage Energy stock in a transaction on Tuesday, March 19th. The shares were purchased at an average price of C$9.95 per share, for a total transaction of C$398,000.00. 1.27% of the stock is owned by corporate insiders.

About Advantage Energy

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.