Advantage Energy (TSE:AAV) PT Raised to C$16.00 at Cormark

Advantage Energy (TSE:AAVGet Rating) (NYSE:AAV) had its price target increased by analysts at Cormark to C$16.00 in a research report issued on Friday, Stock Target Advisor reports. The firm currently has a “na” rating on the stock. Cormark’s price target indicates a potential upside of 79.78% from the company’s current price.

Other analysts have also issued research reports about the stock. BMO Capital Markets raised their price objective on shares of Advantage Energy from C$12.00 to C$14.00 in a report on Friday, April 29th. Royal Bank of Canada increased their price target on shares of Advantage Energy from C$8.50 to C$10.00 and gave the company a “sector perform” rating in a research note on Friday, April 8th. Raymond James set a C$13.00 price target on shares of Advantage Energy and gave the company an “outperform” rating in a research note on Monday, May 2nd. Standpoint Research increased their price target on shares of Advantage Energy from C$11.25 to C$12.75 and gave the company a “buy” rating in a research note on Monday, May 2nd. Finally, National Bankshares decreased their price target on shares of Advantage Energy from C$12.50 to C$11.00 in a research note on Thursday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$11.81.

AAV stock traded down C$0.71 during mid-day trading on Friday, reaching C$8.90. 561,300 shares of the stock traded hands, compared to its average volume of 1,058,798. The company has a quick ratio of 0.38, a current ratio of 0.40 and a debt-to-equity ratio of 14.33. Advantage Energy has a 52 week low of C$4.14 and a 52 week high of C$12.00. The business has a 50-day moving average of C$10.57 and a two-hundred day moving average of C$8.36. The firm has a market capitalization of C$1.69 billion and a PE ratio of 4.17.

Advantage Energy (TSE:AAVGet Rating) (NYSE:AAV) last announced its quarterly earnings data on Thursday, April 28th. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.32 by C($0.22). The firm had revenue of C$106.12 million for the quarter. On average, equities research analysts anticipate that Advantage Energy will post 1.4729255 EPS for the current fiscal year.

In other Advantage Energy news, Senior Officer Neil Bokenfohr sold 150,000 shares of the company’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of C$8.36, for a total transaction of C$1,254,000.00. Following the transaction, the insider now owns 1,162,018 shares in the company, valued at C$9,714,470.48. Also, Director Andy Mah sold 114,000 shares of the stock in a transaction dated Monday, April 11th. The shares were sold at an average price of C$9.96, for a total transaction of C$1,135,440.00. Following the completion of the sale, the director now owns 863,434 shares of the company’s stock, valued at approximately C$8,599,802.64. Over the last ninety days, insiders sold 339,000 shares of company stock worth $3,122,475.

Advantage Energy Company Profile (Get Rating)

Advantage Energy Ltd., together with its subsidiaries, acquires, exploits, develops, and produces crude oil, natural gas, and natural gas liquids in the Province of Alberta, Canada. The company focuses on the development and production of oil and natural gas resource that includes 228 net sections covering an area of 145,920 net acres of Doig/Montney rights in Glacier, Valhalla, Progress, and Pipestone/Wembley.

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