Royal Bank Of Canada Forecasts Strong Price Appreciation for Advantage Energy (TSE:AAV) Stock

Advantage Energy (TSE:AAV) (NYSE:AAV) had its price objective raised by investment analysts at Royal Bank Of Canada from C$12.00 to C$14.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 14.94% from the stock’s current price.

Other analysts also recently issued research reports about the stock. ATB Capital boosted their target price on shares of Advantage Energy from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Wednesday. Desjardins raised their target price on shares of Advantage Energy from C$14.50 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday. Raymond James Financial raised Advantage Energy from a “hold” rating to a “moderate buy” rating and boosted their price target for the company from C$13.00 to C$15.00 in a report on Tuesday. National Bankshares cut shares of Advantage Energy from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$14.50 to C$14.00 in a research note on Wednesday, October 22nd. Finally, Natl Bk Canada cut shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Advantage Energy currently has an average rating of “Moderate Buy” and an average target price of C$14.00.

Advantage Energy Price Performance

AAV opened at C$12.18 on Thursday. Advantage Energy has a 52-week low of C$7.81 and a 52-week high of C$13.20. The business has a fifty day moving average of C$11.88 and a 200 day moving average of C$11.52. The stock has a market cap of C$2.03 billion, a P/E ratio of 34.80, a PEG ratio of -3.58 and a beta of 0.11. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40.

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

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.