Advantage Energy (TSE:AAV) Given New C$11.00 Price Target at Royal Bank of Canada

Advantage Energy (TSE:AAV - Get Free Report) NYSE: AAV had its target price hoisted by stock analysts at Royal Bank of Canada to C$11.00 in a research report issued to clients and investors on Wednesday, Stock Target Advisor reports. The brokerage presently has a "hold" rating on the stock. Royal Bank of Canada's price objective would indicate a potential upside of 22.09% from the stock's previous close.

AAV has been the subject of a number of other reports. Raymond James set a C$12.00 target price on Advantage Energy and gave the stock a "market perform" rating in a research note on Tuesday. CIBC raised their price target on shares of Advantage Energy from C$11.00 to C$11.50 in a report on Friday, January 17th. National Bank Financial upgraded Advantage Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, January 20th. BMO Capital Markets raised their target price on Advantage Energy from C$12.00 to C$13.00 in a research note on Tuesday, January 14th. Finally, National Bankshares upgraded Advantage Energy from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from C$11.50 to C$15.00 in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$13.50.

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Advantage Energy Price Performance

AAV stock traded up C$0.59 during mid-day trading on Wednesday, reaching C$9.01. 569,511 shares of the company's stock were exchanged, compared to its average volume of 532,296. Advantage Energy has a 12-month low of C$7.81 and a 12-month high of C$11.73. The company has a market cap of C$1.50 billion, a price-to-earnings ratio of 32.81, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72. The stock's 50 day moving average is C$9.67 and its 200 day moving average is C$9.41.

Insider Activity at Advantage Energy

In other Advantage Energy news, Director Daniel Stuart Farb purchased 32,500 shares of the firm's stock in a transaction on Wednesday, April 9th. The shares were purchased at an average cost of C$8.36 per share, with a total value of C$271,849.50. Also, Director John Festival bought 20,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of C$9.18 per share, for a total transaction of C$183,600.00. In the last 90 days, insiders have purchased 57,500 shares of company stock valued at $500,070. 1.55% of the stock is owned by corporate insiders.

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.