Advantage Energy (TSE:AAV) Downgraded by BMO Capital Markets to “Market Perform”

BMO Capital Markets cut shares of Advantage Energy (TSE:AAV) (NYSE:AAV) from an outperform rating to a market perform rating in a research note released on Tuesday,BayStreet.CA reports. They currently have C$12.00 price target on the stock.

AAV has been the topic of several other research reports. Raymond James Financial upgraded Advantage Energy from a “hold” rating to a “moderate buy” rating and upped their price objective for the company from C$13.00 to C$15.00 in a research note on Tuesday, December 9th. ATB Cormark Capital Markets downgraded Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and dropped their price objective for the company from C$15.00 to C$14.00 in a research note on Friday, February 13th. Desjardins upped their price objective on Advantage Energy from C$14.50 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. National Bank Financial upgraded Advantage Energy from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$14.00 to C$15.00 in a research note on Friday, February 13th. Finally, Royal Bank Of Canada upped their price objective on Advantage Energy from C$12.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Thursday, December 11th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Advantage Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$13.88.

Advantage Energy Price Performance

Shares of TSE:AAV opened at C$10.28 on Tuesday. The company’s 50-day moving average is C$10.90 and its 200 day moving average is C$11.39. The company has a debt-to-equity ratio of 52.03, a quick ratio of 0.72 and a current ratio of 0.39. The company has a market capitalization of C$1.72 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of -3.58 and a beta of -0.25. Advantage Energy has a fifty-two week low of C$7.81 and a fifty-two week high of C$13.20.

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.