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

Advantage Energy (TSE:AAV) (NYSE:AAV) had its target price upped by CIBC from C$10.50 to C$11.00 in a research note published on Monday morning, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on the company. BMO Capital Markets reaffirmed an outperform rating and issued a C$13.00 target price on shares of Advantage Energy in a report on Monday, April 8th. Desjardins reduced their target price on Advantage Energy from C$13.25 to C$13.00 and set a buy rating on the stock in a report on Tuesday, January 23rd. National Bankshares upped their target price on Advantage Energy from C$12.00 to C$12.50 and gave the company an outperform rating in a report on Friday, April 19th. Scotiabank increased their price target on Advantage Energy from C$16.00 to C$17.00 and gave the stock a sector perform rating in a report on Tuesday, March 5th. Finally, TD Securities increased their price target on Advantage Energy from C$11.50 to C$12.00 and gave the stock a buy rating in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Advantage Energy currently has a consensus rating of Moderate Buy and an average target price of C$12.50.

Advantage Energy Price Performance

Advantage Energy stock opened at C$10.73 on Monday. Advantage Energy has a 12 month low of C$6.79 and a 12 month high of C$11.05. The stock’s 50 day moving average is C$10.03 and its 200-day moving average is C$9.48. The company has a current ratio of 1.25, a quick ratio of 0.72 and a debt-to-equity ratio of 22.74. The company has a market capitalization of C$1.71 billion, a price-to-earnings ratio of 18.19, a PEG ratio of -3.58 and a beta of 1.65.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings results on Monday, March 4th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.06. The business had revenue of C$147.14 million for the quarter, compared to the consensus estimate 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 year.

Insider Transactions at Advantage Energy

In related news, Director John Larry Festival purchased 40,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was acquired at an average cost of C$9.95 per share, with a total value of C$398,000.00. 1.27% of the stock is owned by 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.