Natl Bk Canada Upgrades Advantage Energy (TSE:AAV) to “Strong-Buy”

Advantage Energy (TSE:AAV) (NYSE:AAV) was upgraded by stock analysts at Natl Bk Canada from a “hold” rating to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

Several other equities analysts have also recently issued reports on AAV. National Bank Financial raised Advantage Energy from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$14.00 to C$15.00 in a report on Friday. ATB Cormark Capital Markets cut shares of Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and dropped their price target for the stock from C$15.00 to C$14.00 in a research report on Friday. Royal Bank Of Canada upped their price target on shares of Advantage Energy from C$12.00 to C$14.00 and gave the company a “sector perform” rating in a research report on Thursday, December 11th. Raymond James Financial upgraded Advantage Energy from a “hold” rating to a “moderate buy” rating and boosted their target price for the company from C$13.00 to C$15.00 in a research note on Tuesday, December 9th. Finally, Desjardins boosted their target price on Advantage Energy from C$14.50 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$14.14.

Advantage Energy Stock Down 5.5%

Shares of AAV stock opened at C$10.78 on Friday. 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 has a 52 week low of C$7.81 and a 52 week high of C$13.20. The company’s fifty day simple moving average is C$11.36 and its two-hundred day simple moving average is C$11.43. The stock has a market cap of C$1.80 billion, a P/E ratio of 30.80, a PEG ratio of -3.58 and a beta of -0.04.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its quarterly earnings data 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 company had revenue of C$137.96 million during the quarter. Analysts predict 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.