Advantage Energy Ltd. (TSE:AAV) Receives Average Rating of “Moderate Buy” from Analysts

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. Two 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. The average 1 year price objective among brokers that have covered the stock in the last year is C$13.63.

AAV has been the topic of several research analyst reports. TD Cowen restated a “buy” rating and issued a C$14.00 price objective on shares of Advantage Energy in a research note on Friday, May 2nd. Cormark upgraded Advantage Energy to a “moderate buy” rating in a research note on Thursday, March 6th. Royal Bank of Canada increased their target price on Advantage Energy to C$11.00 and gave the stock a “hold” rating in a research note on Wednesday, April 9th. Desjardins increased their target price on Advantage Energy from C$13.50 to C$14.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Finally, Raymond James lowered their target price on Advantage Energy from C$12.00 to C$11.00 in a research note on Wednesday, April 9th.

Advantage Energy Price Performance

TSE:AAV opened at C$11.69 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40. The stock’s 50 day moving average price is C$10.28 and its two-hundred day moving average price is C$9.83. The firm has a market capitalization of C$1.94 billion, a price-to-earnings ratio of 42.57, a P/E/G ratio of -3.58 and a beta of 1.46. Advantage Energy has a 12-month low of C$7.81 and a 12-month high of C$11.87.

Insiders Place Their Bets

In related news, Director Daniel Stuart Farb acquired 32,500 shares of the stock in a transaction on Wednesday, April 9th. The shares were purchased at an average price of C$8.36 per share, for a total transaction of C$271,849.50. Corporate insiders own 1.55% of the company’s stock.

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.