Advantage Energy (TSE:AAV) Given a C$11.50 Price Target by National Bank Financial Analysts

Advantage Energy (TSE:AAV) (NYSE:AAV) has been given a C$11.50 target price by investment analysts at National Bank Financial in a note issued to investors on Friday, Stock Target Advisor reports. National Bank Financial’s target price would indicate a potential upside of 24.86% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Advantage Energy from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a report on Wednesday, June 19th. TD Securities reaffirmed a “buy” rating and set a C$14.00 price objective on shares of Advantage Energy in a research note on Friday, July 26th. ATB Capital raised their price target on Advantage Energy from C$13.50 to C$14.00 in a report on Wednesday, July 10th. Cormark raised shares of Advantage Energy to a “moderate buy” rating in a research note on Monday, September 23rd. Finally, Scotiabank raised their price target on shares of Advantage Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, June 19th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Advantage Energy presently has an average rating of “Moderate Buy” and an average price target of C$13.38.

Advantage Energy Price Performance

Shares of TSE:AAV opened at C$9.21 on Friday. The firm has a market cap of C$1.54 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of -3.58 and a beta of 1.48. The business has a fifty day simple moving average of C$9.44 and a 200 day simple moving average of C$10.13. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86. Advantage Energy has a 1 year low of C$8.02 and a 1 year high of C$11.73.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its earnings results on Thursday, July 25th. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04). The firm had revenue of C$100.66 million for the quarter, compared to analyst estimates of C$108.50 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. As a group, sell-side analysts predict that Advantage Energy will post 1.4695513 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Festival purchased 20,000 shares of Advantage Energy stock in a transaction dated Friday, September 27th. The shares were bought at an average cost of C$8.94 per share, with a total value of C$178,800.00. In related news, Director John Festival purchased 20,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were purchased at an average price of C$8.94 per share, with a total value of C$178,800.00. Also, Senior Officer Donald Craig Blackwood purchased 5,435 shares of Advantage Energy stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of C$9.20 per share, with a total value of C$50,002.00. Over the last quarter, insiders have purchased 69,435 shares of company stock worth $658,321. Insiders own 1.53% 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.