Advantage Energy (TSE:AAV) Given New C$11.50 Price Target at National Bankshares

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price target cut by equities research analysts at National Bankshares from C$13.00 to C$11.50 in a report issued on Friday, BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 24.86% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. TD Securities reiterated a “buy” rating and set a C$14.00 target price on shares of Advantage Energy in a research note on Friday, July 26th. ATB Capital upped their price objective on Advantage Energy from C$13.50 to C$14.00 in a research report on Wednesday, July 10th. CIBC reissued a “neutral” rating and set a C$12.00 target price on shares of Advantage Energy in a research report on Thursday, August 29th. Scotiabank upped their price target on Advantage Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, June 19th. Finally, Royal Bank of Canada increased 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 research note on Wednesday, June 19th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$13.38.

Advantage Energy Stock Performance

TSE:AAV opened at C$9.21 on Friday. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76. The company has a 50 day moving average price of C$9.44 and a 200 day moving average price of C$10.13. Advantage Energy has a fifty-two week low of C$8.02 and a fifty-two week high of C$11.73. The stock has a market capitalization of C$1.54 billion, a P/E ratio of 19.60, a PEG ratio of -3.58 and a beta of 1.48.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings data on Thursday, July 25th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of C$100.66 million during the quarter, compared to analysts’ expectations of C$108.50 million. Equities research analysts forecast that Advantage Energy will post 1.4695513 EPS for the current year.

Insider Activity at Advantage Energy

In related news, Director Jill Terilee Angevine purchased 24,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was acquired at an average price of C$9.91 per share, for a total transaction of C$237,919.20. In other news, Director Jill Terilee Angevine bought 24,000 shares of the stock in a transaction dated Wednesday, July 10th. The shares were acquired at an average price of C$9.91 per share, with a total value of C$237,919.20. Also, Director John Festival purchased 20,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were purchased at an average price of C$9.58 per share, for a total transaction of C$191,600.00. Insiders have purchased 69,435 shares of company stock worth $658,321 in the last quarter. Company 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.