Advantage Energy (TSE:AAV) Rating Increased to Moderate Buy at Raymond James Financial

Advantage Energy (TSE:AAV) (NYSE:AAV) was upgraded by analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a report issued on Tuesday, Marketbeat Ratings reports. The firm currently has a C$15.00 price objective on the stock, up from their prior price objective of C$13.00. Raymond James Financial’s price target points to a potential upside of 21.46% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on AAV. 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. National Bankshares downgraded Advantage Energy from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$14.50 to C$14.00 in a research note on Wednesday, October 22nd. Finally, Desjardins decreased their target price on Advantage Energy from C$15.00 to C$14.50 and set a “buy” rating for the company in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Advantage Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$13.50.

Advantage Energy Price Performance

Shares of AAV opened at C$12.35 on Tuesday. The stock has a market cap of C$2.06 billion, a P/E ratio of 35.29, a price-to-earnings-growth 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. The stock’s 50-day moving average price is C$11.85 and its two-hundred day moving average price is C$11.51. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40.

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