Raymond James Reiterates C$12.00 Price Target for Advantage Energy (TSE:AAV)

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

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

Advantage Energy Stock Down 5.3 %

TSE AAV traded down C$0.47 on Tuesday, hitting C$8.48. 311,214 shares of the stock traded hands, compared to its average volume of 520,579. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40. The stock has a 50-day moving average of C$9.75 and a 200 day moving average of C$9.43. Advantage Energy has a twelve month low of C$8.27 and a twelve month high of C$11.73. The company has a market capitalization of C$1.41 billion, a P/E ratio of 30.88, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46.

Insider Buying and Selling

In related news, Senior Officer Geoffrey Keyser bought 3,000 shares of the stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of C$9.10 per share, with a total value of C$27,300.00. Also, Director John Festival acquired 20,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was bought at an average price of C$9.18 per share, with a total value of C$183,600.00. Corporate insiders own 1.55% of the company’s stock.

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.