Advantage Energy Ltd. (TSE:AAV) Receives C$13.85 Average Price Target from Analysts

Shares of Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV have earned a consensus rating of "Moderate Buy" from the nine ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$13.85.

Several equities research analysts have recently weighed in on AAV shares. BMO Capital Markets increased their price target on Advantage Energy from C$12.00 to C$13.00 in a report on Tuesday, January 14th. CIBC lifted their target price on Advantage Energy from C$11.00 to C$11.50 in a research report on Friday, January 17th. National Bankshares raised shares of 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. Cormark upgraded shares of Advantage Energy to a "moderate buy" rating in a report on Thursday, March 6th. Finally, National Bank Financial upgraded shares of Advantage Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 20th.

Insider Transactions at Advantage Energy

In other news, Director John Festival purchased 20,000 shares of the stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of C$9.18 per share, for a total transaction of C$183,600.00. Also, Senior Officer Geoffrey Keyser acquired 3,000 shares of Advantage Energy stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average price of C$9.10 per share, with a total value of C$27,300.00. Corporate insiders own 1.55% of the company's stock.

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Advantage Energy Trading Up 1.0 %

Shares of AAV stock traded up C$0.11 during trading hours on Friday, reaching C$10.71. 551,074 shares of the stock were exchanged, compared to its average volume of 518,020. The firm has a market capitalization of C$1.78 billion, a price-to-earnings ratio of 39.00, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. Advantage Energy has a 12-month low of C$8.27 and a 12-month high of C$11.73. The company's 50-day moving average price is C$9.68 and its 200-day moving average price is C$9.36. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40.

About Advantage Energy

Advantage Energy Ltd supplies clean, affordable, reliable, and sustainable Canadian energy to power the needs of Canada and the world. It is focused on the development and delineation of its Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla, and Progress, Alberta.