CIBC Reaffirms Neutral Rating for Advantage Energy (TSE:AAV)

CIBC reiterated their neutral rating on shares of Advantage Energy (TSE:AAV) (NYSE:AAV) in a research report released on Thursday, Stock Target Advisor reports. CIBC currently has a C$12.00 price target on the stock.

Several other brokerages have also issued reports on AAV. National Bankshares lifted their target price on shares of Advantage Energy from C$12.50 to C$13.00 and gave the company an outperform rating in a research report on Wednesday, June 19th. Scotiabank lifted their target price on shares of Advantage Energy from C$19.00 to C$20.00 and gave the company an outperform rating in a research report on Wednesday, June 19th. TD Securities reissued a buy rating and set a C$14.00 price target on shares of Advantage Energy in a research note on Friday, July 26th. Cormark set a C$15.00 price target on shares of Advantage Energy and gave the stock a buy rating in a research note on Wednesday, June 19th. Finally, Royal Bank of Canada lifted their price target on shares of Advantage Energy from C$11.00 to C$12.00 and gave the stock a sector perform rating in a research note on Wednesday, June 19th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Advantage Energy presently has a consensus rating of Moderate Buy and an average price target of C$13.68.

Advantage Energy Price Performance

AAV stock opened at C$9.72 on Thursday. The firm has a 50 day moving average of C$9.82 and a 200-day moving average of C$10.19. 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 12 month low of C$8.02 and a 12 month high of C$11.73. The firm has a market capitalization of C$1.62 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of -3.58 and a beta of 1.51.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its quarterly earnings data on Thursday, July 25th. The company reported C($0.07) EPS for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04). Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. The firm had revenue of C$100.66 million during the quarter, compared to the consensus estimate of C$108.50 million. As a group, sell-side analysts predict that Advantage Energy will post 0.5254332 earnings per share for the current fiscal year.

Insider Buying and Selling at Advantage Energy

In related news, Director Stephen Balog acquired 5,000 shares of Advantage Energy stock in a transaction on Tuesday, June 18th. The shares were acquired at an average cost of C$10.16 per share, with a total value of C$50,800.00. In other Advantage Energy news, Senior Officer Donald Craig Blackwood bought 5,435 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of C$9.20 per share, for a total transaction of C$50,002.00. Also, Director Stephen Balog bought 5,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were acquired at an average price of C$10.16 per share, for a total transaction of C$50,800.00. In the last ninety days, insiders have purchased 62,435 shares of company stock valued at $613,671. 1.52% of the stock is currently owned by company insiders.

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.