Advantage Energy (TSE:AAV) Price Target Lowered to C$13.00 at TD Securities

Advantage Energy (TSE:AAV) (NYSE:AAV) had its target price cut by TD Securities from C$14.00 to C$13.00 in a research report report published on Tuesday morning, BayStreet.CA reports.

Several other equities analysts have also commented on the company. CIBC restated a neutral rating and set a C$12.00 price target on shares of Advantage Energy in a research note on Thursday, August 29th. Scotiabank upped their price objective on Advantage Energy from C$19.00 to C$20.00 and gave the stock an outperform rating in a research note on Wednesday, June 19th. National Bankshares dropped their price objective on Advantage Energy from C$13.00 to C$11.50 in a research report on Friday, September 27th. ATB Capital boosted their target price on shares of Advantage Energy from C$13.50 to C$14.00 in a report on Wednesday, July 10th. Finally, Cormark upgraded shares of Advantage Energy to a moderate buy rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$13.21.

Advantage Energy Price Performance

The company’s 50-day simple moving average is C$9.40 and its 200 day simple moving average is C$10.12. Advantage Energy has a 12-month low of C$8.02 and a 12-month high of C$11.73. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 46.86. The stock has a market capitalization of C$1.61 billion, a price-to-earnings ratio of 20.53, a PEG ratio of -3.58 and a beta of 1.48.

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 the consensus estimate of C($0.03) by C($0.04). The business had revenue of C$100.66 million for the quarter, compared to the consensus estimate of C$108.50 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. Equities research analysts expect that Advantage Energy will post 1.4695513 EPS for the current fiscal year.

Insider Activity

In related news, Director John Festival purchased 20,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was bought at an average cost of C$9.58 per share, with a total value of C$191,600.00. In other Advantage Energy news, Director John Festival bought 20,000 shares of the firm’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. Also, Senior Officer Donald Craig Blackwood bought 5,435 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of C$9.20 per share, for a total transaction of C$50,002.00. Insiders purchased a total of 69,435 shares of company stock valued at $658,321 in the last quarter. 1.53% 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.