Advantage Energy (TSE:AAV) Given New C$13.00 Price Target at BMO Capital Markets

Advantage Energy (TSE:AAV - Get Free Report) NYSE: AAV had its target price upped by analysts at BMO Capital Markets from C$12.00 to C$13.00 in a report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets' target price indicates a potential upside of 28.46% from the company's previous close.

Other equities analysts have also recently issued reports about the company. Cormark raised Advantage Energy to a "moderate buy" rating in a report on Monday, September 23rd. TD Securities reaffirmed a "buy" rating and issued a C$13.00 price objective on shares of Advantage Energy in a research note on Wednesday, October 9th. National Bankshares lowered their price objective on Advantage Energy from C$13.00 to C$11.50 in a research report on Friday, September 27th. Finally, National Bank Financial lowered shares of Advantage Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$13.29.

Advantage Energy Stock Up 0.7 %

Shares of AAV stock traded up C$0.07 during midday trading on Tuesday, reaching C$10.12. 506,966 shares of the stock were exchanged, compared to its average volume of 408,984. Advantage Energy has a 1 year low of C$8.24 and a 1 year high of C$11.73. The firm has a market cap of C$1.69 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company's 50 day moving average is C$9.20 and its two-hundred day moving average is C$9.43. 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 (TSE:AAV - Get Free Report) NYSE: AAV last issued its quarterly earnings results on Thursday, October 24th. The company reported C($0.04) earnings per share for the quarter, missing the consensus estimate of C$0.03 by C($0.07). The company had revenue of C$144.86 million for the quarter, compared to the consensus estimate of C$161.10 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. On average, equities research analysts predict that Advantage Energy will post 1.4701493 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Geoffrey Keyser bought 4,000 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average price of C$8.89 per share, for a total transaction of C$35,540.00. Also, Director John Festival purchased 20,000 shares of the stock in a transaction dated Monday, October 28th. The shares were purchased at an average price of C$8.80 per share, with a total value of C$176,000.00. Over the last 90 days, insiders have purchased 54,047 shares of company stock worth $476,272. 1.55% of the stock is owned by corporate insiders.

About Advantage Energy

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.