Advantage Energy Ltd. (TSE:AAV) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have received an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$13.85.

A number of research firms recently issued reports on AAV. CIBC raised their price target on Advantage Energy from C$11.00 to C$11.50 in a research note on Friday, January 17th. National Bankshares upgraded Advantage Energy from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$11.50 to C$15.00 in a research note on Thursday, January 30th. TD Securities restated a “buy” rating and set a C$13.00 price target on shares of Advantage Energy in a research note on Wednesday, October 9th. BMO Capital Markets lifted their target price on Advantage Energy from C$12.00 to C$13.00 in a research note on Tuesday, January 14th. Finally, National Bank Financial upgraded Advantage Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 20th.

Insiders Place Their Bets

In other Advantage Energy news, Senior Officer Geoffrey Keyser purchased 3,000 shares of the stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of C$9.10 per share, with a total value of C$27,300.00. Insiders have acquired 8,047 shares of company stock valued at $71,872 over the last three months. 1.55% of the stock is currently owned by insiders.

Advantage Energy Price Performance

AAV stock opened at C$9.21 on Friday. The company has a debt-to-equity ratio of 46.86, a current ratio of 0.76 and a quick ratio of 0.72. Advantage Energy has a 1 year low of C$8.27 and a 1 year high of C$11.73. The firm has a market capitalization of C$1.54 billion, a P/E ratio of 19.60, a P/E/G ratio of -3.58 and a beta of 1.46. The business’s 50-day moving average is C$9.39 and its two-hundred day moving average is C$9.35.

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.