CIBC Increases Advantage Energy (TSE:AAV) Price Target to C$11.00

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective upped by analysts at CIBC from C$10.50 to C$11.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price target would indicate a potential upside of 5.06% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada upped their price target on Advantage Energy from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 5th. Stifel Nicolaus cut their price target on Advantage Energy from C$14.50 to C$13.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$13.00 price target on shares of Advantage Energy in a research note on Monday, April 8th. TD Securities upped their price target on Advantage Energy from C$11.50 to C$12.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Scotiabank upped their price target on Advantage Energy from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Advantage Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$12.50.

Advantage Energy Price Performance

Shares of AAV stock opened at C$10.47 on Monday. The stock’s fifty day moving average is C$9.98 and its 200-day moving average is C$9.46. The company has a debt-to-equity ratio of 22.74, a quick ratio of 0.72 and a current ratio of 1.25. The stock has a market capitalization of C$1.67 billion, a PE ratio of 17.75, a PEG ratio of -3.58 and a beta of 1.65. Advantage Energy has a 52 week low of C$6.79 and a 52 week high of C$11.05.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its earnings results on Monday, March 4th. The company reported C$0.25 EPS for the quarter, topping the consensus estimate of C$0.19 by C$0.06. The company had revenue of C$147.14 million for the quarter, compared to analysts’ expectations of C$141.00 million. Advantage Energy had a return on equity of 6.43% and a net margin of 19.94%. Equities research analysts expect that Advantage Energy will post 0.5298117 EPS for the current fiscal year.

Insider Buying and Selling at Advantage Energy

In related news, Director John Larry Festival bought 40,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were purchased at an average price of C$9.95 per share, with a total value of C$398,000.00. Insiders own 1.27% of the company’s stock.

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.