Advantage Energy (TSE:AAV) Upgraded by Raymond James Financial to Outperform Rating

Advantage Energy (TSE:AAV) (NYSE:AAV) was upgraded by equities researchers at Raymond James Financial from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a C$15.00 price target on the stock, up from their prior price target of C$13.00. Raymond James Financial’s price objective would suggest a potential upside of 24.38% from the stock’s previous close.

Several other equities analysts also recently weighed in on AAV. 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 report on Wednesday, October 22nd. Natl Bk Canada cut shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Finally, Desjardins reduced their target price on shares of Advantage Energy from C$15.00 to C$14.50 and set a “buy” rating on the stock in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$13.50.

Advantage Energy Price Performance

Shares of TSE AAV traded down C$0.57 during mid-day trading on Tuesday, hitting C$12.06. 221,898 shares of the company’s stock traded hands, compared to its average volume of 497,596. The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72. Advantage Energy has a 1 year low of C$7.81 and a 1 year high of C$13.20. The company’s 50-day moving average is C$11.83 and its two-hundred day moving average is C$11.50. The company has a market capitalization of C$2.01 billion, a P/E ratio of 34.46, a PEG ratio of -3.58 and a beta of 0.11.

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