Advantage Energy (TSE:AAV) Cut to Hold at Natl Bk Canada

Natl Bk Canada downgraded shares of Advantage Energy (TSE:AAV) (NYSE:AAV) from a strong-buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. National Bankshares cut shares of Advantage Energy from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$14.50 to C$14.00 in a research report on Wednesday, October 22nd. 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 report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$12.93.

Advantage Energy Stock Performance

Shares of AAV stock opened at C$12.58 on Wednesday. The firm has a 50 day moving average of C$11.72 and a 200-day moving average of C$11.41. The company has a market cap of C$2.10 billion, a price-to-earnings ratio of 35.94, a price-to-earnings-growth ratio of -3.58 and a beta of 0.16. 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$12.75.

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