Advantage Energy (TSE:AAV) Upgraded to Strong-Buy at Natl Bk Canada

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

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

Advantage Energy Stock Performance

Shares of AAV stock opened at C$10.78 on Friday. The business’s 50-day moving average price is C$11.36 and its 200-day moving average price is C$11.43. Advantage Energy has a 12 month low of C$7.81 and a 12 month high of C$13.20. The firm has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 30.80, a PEG ratio of -3.58 and a beta of -0.04. 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 earnings results on Tuesday, October 28th. The company reported C$0.00 EPS for the quarter. The firm 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%. Equities research analysts forecast 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.