BMO Capital Markets Issues Positive Forecast for Advantage Energy (TSE:AAV) Stock Price

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price target boosted by BMO Capital Markets from C$12.00 to C$13.00 in a report published on Tuesday,BayStreet.CA reports.

A number of other brokerages have also recently commented on AAV. TD Securities reissued a “buy” rating and issued a C$13.00 price target on shares of Advantage Energy in a research report on Wednesday, October 9th. National Bank Financial cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. National Bankshares cut their target price on Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. Finally, Cormark raised Advantage Energy to a “moderate buy” rating in a research report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.29.

Advantage Energy Price Performance

AAV opened at C$10.12 on Tuesday. Advantage Energy has a 12-month low of C$8.24 and a 12-month high of C$11.73. The company has a market cap of C$1.69 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86. The stock has a fifty day simple moving average of C$9.20 and a two-hundred day simple moving average of C$9.43.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings results on Thursday, October 24th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.07). Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. The business had revenue of C$144.86 million during the quarter, compared to the consensus estimate of C$161.10 million. Research analysts predict that Advantage Energy will post 1.4701493 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Darren Tisdale purchased 3,000 shares of the stock in a transaction dated Friday, November 15th. The shares were purchased at an average cost of C$8.85 per share, with a total value of C$26,550.00. Also, Director Stephen Balog purchased 5,000 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was purchased at an average price of C$8.80 per share, for a total transaction of C$44,000.00. Insiders have purchased a total of 54,047 shares of company stock valued at $476,272 in the last 90 days. 1.55% of the stock is currently owned by 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.