Advantage Energy (TSE:AAV) Given a C$12.00 Price Target at Raymond James

Advantage Energy (TSE:AAV) (NYSE:AAV) received a C$12.00 price objective from equities researchers at Raymond James in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 41.51% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. National Bankshares raised Advantage Energy from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$11.50 to C$15.00 in a report on Thursday, January 30th. National Bank Financial raised Advantage Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 20th. Cormark upgraded Advantage Energy to a “moderate buy” rating in a research report on Thursday, March 6th. CIBC lifted their price target on Advantage Energy from C$11.00 to C$11.50 in a research note on Friday, January 17th. Finally, BMO Capital Markets upped their price objective on shares of Advantage Energy from C$12.00 to C$13.00 in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$13.68.

Advantage Energy Price Performance

Shares of AAV traded down C$0.47 during mid-day trading on Tuesday, hitting C$8.48. The company’s stock had a trading volume of 311,214 shares, compared to its average volume of 520,579. Advantage Energy has a fifty-two week low of C$8.27 and a fifty-two week high of C$11.73. The stock has a market capitalization of C$1.41 billion, a price-to-earnings ratio of 30.88, a PEG ratio of -3.58 and a beta of 1.46. The firm has a 50-day moving average price of C$9.75 and a 200 day moving average price of C$9.43. The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72.

Insider Activity

In other Advantage Energy news, Director John Festival acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of C$9.18 per share, for a total transaction of C$183,600.00. Also, Senior Officer Geoffrey Keyser purchased 3,000 shares of Advantage Energy stock in a transaction on Wednesday, January 29th. The stock was bought at an average cost of C$9.10 per share, with a total value of C$27,300.00. 1.55% of the stock is currently owned by corporate insiders.

Advantage Energy Company Profile

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.