Advantage Energy (TSE:AAV) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective hoisted by Royal Bank of Canada to C$11.00 in a report issued on Wednesday,Stock Target Advisor reports. Royal Bank of Canada currently has a hold rating on the stock.

Other analysts also recently issued research reports about the stock. Cormark raised shares of Advantage Energy to a “moderate buy” rating in a report on Thursday, March 6th. National Bank Financial upgraded shares of Advantage Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 20th. BMO Capital Markets upped their price objective on shares of Advantage Energy from C$12.00 to C$13.00 in a research report on Tuesday, January 14th. CIBC raised their target price on shares of Advantage Energy from C$11.00 to C$11.50 in a report on Friday, January 17th. Finally, Raymond James set a C$12.00 price objective on shares of Advantage Energy and gave the company a “market perform” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$13.50.

Advantage Energy Stock Performance

AAV traded down C$0.26 during trading hours on Wednesday, reaching C$8.60. The company’s stock had a trading volume of 251,004 shares, compared to its average volume of 526,085. The company’s 50-day moving average is C$9.70 and its 200-day moving average is C$9.41. Advantage Energy has a 52 week low of C$7.81 and a 52 week high of C$11.73. The firm has a market cap of C$1.43 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75.

Insider Activity at Advantage Energy

In other Advantage Energy news, Director Daniel Stuart Farb purchased 32,500 shares of the firm’s stock in a transaction on Wednesday, April 9th. The stock was purchased at an average cost of C$8.36 per share, for a total transaction of C$271,849.50. Also, Senior Officer Geoffrey Keyser acquired 3,000 shares of the stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of C$9.10 per share, with a total value of C$27,300.00. Insiders purchased 57,500 shares of company stock worth $500,070 over the last three months. Company insiders own 1.55% of the company’s stock.

About Advantage Energy

Advantage Energy Ltd supplies clean, affordable, reliable, and sustainable Canadian energy to power the needs of Canada and the world. It is focused on the development and delineation of its Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla, and Progress, Alberta.