Desjardins Forecasts Strong Price Appreciation for Advantage Energy (TSE:AAV) Stock

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price target upped by analysts at Desjardins from C$14.50 to C$15.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 22.95% from the stock’s previous close.

Several other brokerages also recently issued reports on AAV. Raymond James Financial upgraded shares of Advantage Energy from a “hold” rating to a “moderate buy” rating and upped their target price for the stock from C$13.00 to C$15.00 in a research note on Tuesday. Natl Bk Canada lowered shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. ATB Capital upped their price objective on Advantage Energy from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, National Bankshares downgraded Advantage Energy from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$14.50 to C$14.00 in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$14.00.

Advantage Energy Price Performance

Shares of TSE:AAV opened at C$12.20 on Wednesday. The business has a fifty day moving average price of C$11.87 and a 200-day moving average price of C$11.52. The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72. The company has a market capitalization of C$2.04 billion, a PE ratio of 34.86, a PEG ratio of -3.58 and a beta of 0.11. Advantage Energy has a 1-year low of C$7.81 and a 1-year high of C$13.20.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings data on Tuesday, October 28th. The company reported C$0.00 EPS for the quarter. The company had revenue of C$137.96 million for the quarter. Advantage Energy had a net margin of 8.98% and a return on equity of 2.87%. As a group, equities analysts expect that Advantage Energy will post 1.4701493 EPS for the current fiscal year.

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.