Advantage Energy Ltd. (TSE:AAV, NYSE:AAV) has received a revised price target of C$14.00 from various brokerages, reflecting a consensus recommendation of “Moderate Buy” among analysts. This update follows evaluations from nine brokerages, where four analysts issued hold ratings, four recommended buying, and one analyst provided a strong buy rating.
Recent Analyst Upgrades
MarketBeat Ratings reports that this upward adjustment is supported by several notable changes in recommendations. The Royal Bank Of Canada increased its target price for Advantage Energy from C$12.00 to C$14.00, maintaining a “sector perform” rating. Similarly, ATB Capital raised its price target from C$14.00 to C$15.00, with an “outperform” rating.
In another adjustment, Desjardins revised its price objective from C$14.50 to C$15.00, reiterating a “buy” rating. On December 9, Raymond James Financial upgraded its stance from a “hold” to a “moderate buy” and increased the target price from C$13.00 to C$15.00. Conversely, National Bankshares lowered its rating from “outperform” to “sector perform” and adjusted the target price from C$14.50 to C$14.00 on October 22, 2023.
Company Performance and Market Metrics
As of Thursday, Advantage Energy shares opened at C$12.18. The company has experienced a 12-month low of C$7.81 and a high of C$13.20. It currently boasts a market capitalization of approximately C$2.03 billion, with a price-to-earnings ratio of 34.80 and a P/E/G ratio of -3.58. The stock exhibits a beta of 0.11, indicating lower volatility compared to the overall market.
The firm’s recent earnings report, released on October 28, 2023, indicated a net margin of 8.98% with revenues of C$137.96 million. Analysts predict that Advantage Energy will achieve an earnings per share (EPS) of approximately 1.47 for the current year.
Advantage Energy Ltd. is committed to supplying clean, reliable, and sustainable energy in Canada and beyond. The company actively develops its Montney natural gas and liquids resource across various locations in Alberta, including Glacier, Wembley/Pipestone, Valhalla, and Progress.
With these developments, Advantage Energy is poised to enhance its position in the energy market, reflecting confidence from analysts and potential for growth in the coming year.
