Advantage Energy (TSE:AAV) Given New C$11.00 Price Target at CIBC

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price target lifted by CIBC from C$10.50 to C$11.00 in a report released on Monday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Several other research firms also recently weighed in on AAV. TD Securities lifted their price target on shares of Advantage Energy from C$11.50 to C$12.00 and gave the company a buy rating in a research note on Wednesday, March 6th. Scotiabank upped their price target on Advantage Energy from C$16.00 to C$17.00 and gave the stock a sector perform rating in a research note on Tuesday, March 5th. Royal Bank of Canada raised their price objective on Advantage Energy from C$10.00 to C$11.00 and gave the company a sector perform rating in a research note on Tuesday, March 5th. Desjardins lowered their target price on Advantage Energy from C$13.25 to C$13.00 and set a buy rating on the stock in a research report on Tuesday, January 23rd. Finally, National Bankshares lifted their price target on shares of Advantage Energy from C$12.00 to C$12.50 and gave the company an outperform rating in a research report on Friday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of C$12.50.

Advantage Energy Stock Performance

TSE:AAV opened at C$10.48 on Monday. Advantage Energy has a fifty-two week low of C$6.79 and a fifty-two week high of C$11.05. The company has a 50 day simple moving average of C$9.95 and a two-hundred day simple moving average of C$9.45. The company has a market capitalization of C$1.67 billion, a PE ratio of 17.76, a P/E/G ratio of -3.58 and a beta of 1.65. The company has a debt-to-equity ratio of 22.74, a quick ratio of 0.72 and a current ratio of 1.25.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its earnings results on Monday, March 4th. The company reported C$0.25 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.06. The business had revenue of C$147.14 million during the quarter, compared to the consensus estimate of C$141.00 million. Advantage Energy had a return on equity of 6.43% and a net margin of 19.94%. Research analysts anticipate that Advantage Energy will post 0.5298117 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John Larry Festival bought 40,000 shares of the stock in a transaction dated Tuesday, March 19th. The stock was bought at an average price of C$9.95 per share, for a total transaction of C$398,000.00. Insiders own 1.27% of the company’s stock.

Advantage Energy Company Profile

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.