Advantage Energy (TSE:AAV) Cut to “Hold” at Raymond James Financial

Raymond James Financial lowered shares of Advantage Energy (TSE:AAV) (NYSE:AAV) from a moderate buy rating to a hold rating in a research report report published on Wednesday morning, MarketBeat reports. Raymond James Financial currently has C$13.00 price target on the stock, down from their prior price target of C$14.00.

Separately, Scotiabank upgraded Advantage Energy to a “strong-buy” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.83.

Advantage Energy Stock Down 0.8%

AAV stock opened at C$10.16 on Wednesday. Advantage Energy has a 52-week low of C$9.19 and a 52-week high of C$13.20. The company’s 50 day simple moving average is C$10.86 and its 200-day simple moving average is C$10.53. The company has a debt-to-equity ratio of 55.11, a current ratio of 0.34 and a quick ratio of 0.72. The firm has a market capitalization of C$1.70 billion, a P/E ratio of 20.73, a P/E/G ratio of -3.58 and a beta of -0.52.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.27 EPS for the quarter. Advantage Energy had a net margin of 12.02% and a return on equity of 4.91%. The firm had revenue of C$178.76 million during the quarter. As a group, equities research analysts anticipate that Advantage Energy will post 1.4701493 EPS for the current 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.