Desjardins Raises Advantage Energy (TSE:AAV) Price Target to C$13.50

Advantage Energy (TSE:AAV) (NYSE:AAV) had its target price upped by Desjardins from C$13.00 to C$13.50 in a report released on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also weighed in on AAV. Scotiabank increased their price objective on Advantage Energy from C$16.00 to C$17.00 and gave the stock a sector perform rating in a research report on Tuesday, March 5th. Stifel Nicolaus reduced their price objective on shares of Advantage Energy from C$14.50 to C$13.00 and set a buy rating on the stock in a report on Monday, February 5th. Royal Bank of Canada upped their target price on shares of Advantage Energy from C$10.00 to C$11.00 and gave the company a sector perform rating in a research report on Tuesday, March 5th. TD Securities reiterated a buy rating and set a C$14.00 price target on shares of Advantage Energy in a research report on Friday, April 26th. Finally, National Bankshares upped their price objective on shares of Advantage Energy from C$12.00 to C$12.50 and gave the stock an outperform rating in a report on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of C$12.73.

Advantage Energy Stock Performance

TSE:AAV opened at C$10.65 on Monday. Advantage Energy has a twelve month low of C$6.79 and a twelve month high of C$11.14. The company has a market cap 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. The company has a current ratio of 1.25, a quick ratio of 0.72 and a debt-to-equity ratio of 22.74. The company’s 50-day moving average price is C$10.14 and its 200-day moving average price is C$9.51.

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. The firm had revenue of C$139.38 million during the quarter, compared to analysts’ expectations of C$132.00 million. Advantage Energy had a return on equity of 6.43% and a net margin of 19.94%. On average, sell-side analysts forecast that Advantage Energy will post 0.5298117 earnings per share for the current fiscal year.

Insider Activity

In related news, Director John Larry Festival purchased 40,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were bought at an average cost of C$9.95 per share, for a total transaction of C$398,000.00. Company 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.