TD Securities Trims Advantage Energy (TSE:AAV) Target Price to C$13.00

Advantage Energy (TSE:AAV) (NYSE:AAV) had its target price trimmed by TD Securities from C$14.00 to C$13.00 in a report released on Tuesday morning, BayStreet.CA reports.

Other analysts have also recently issued reports about the company. National Bank Financial set a C$11.50 price target on Advantage Energy and gave the stock a sell rating in a report on Friday, September 27th. Scotiabank increased their price objective on Advantage Energy from C$19.00 to C$20.00 and gave the stock an outperform rating in a research report on Wednesday, June 19th. ATB Capital boosted their target price on shares of Advantage Energy from C$13.50 to C$14.00 in a research report on Wednesday, July 10th. National Bankshares decreased their price target on shares of Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. Finally, CIBC reiterated a neutral rating and issued a C$12.00 price objective on shares of Advantage Energy in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of C$13.29.

Advantage Energy Stock Performance

TSE AAV opened at C$9.71 on Tuesday. The stock has a market cap of C$1.62 billion, a PE ratio of 20.66, a P/E/G ratio of -3.58 and a beta of 1.48. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76. The firm has a 50-day moving average of C$9.40 and a 200-day moving average of C$10.12. Advantage Energy has a 52-week low of C$8.02 and a 52-week high of C$11.73.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its quarterly earnings results on Thursday, July 25th. The company reported C($0.07) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.04). The company had revenue of C$100.66 million during the quarter, compared to the consensus estimate of C$108.50 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. On average, sell-side analysts anticipate that Advantage Energy will post 1.4695513 EPS for the current year.

Insider Buying and Selling at Advantage Energy

In other news, Director Jill Terilee Angevine bought 24,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was bought at an average cost of C$9.91 per share, for a total transaction of C$237,919.20. In other Advantage Energy news, Director John Festival acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average cost of C$8.94 per share, for a total transaction of C$178,800.00. Also, Director Jill Terilee Angevine acquired 24,000 shares of Advantage Energy stock in a transaction that occurred on Wednesday, July 10th. The stock was acquired at an average cost of C$9.91 per share, for a total transaction of C$237,919.20. Insiders have bought a total of 69,435 shares of company stock valued at $658,321 in the last ninety days. 1.53% of the stock is currently owned by company 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.