Advantage Energy (TSE:AAV) Raised to “Moderate Buy” at Raymond James Financial

Advantage Energy (TSE:AAV) (NYSE:AAV) was upgraded by equities researchers at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a research note issued on Tuesday, Marketbeat Ratings reports. The firm currently has a C$15.00 price target on the stock, up from their prior price target of C$13.00. Raymond James Financial’s target price points to a potential upside of 21.65% from the stock’s current price.

A number of other equities analysts have also weighed in on AAV. Desjardins lowered their target price on Advantage Energy from C$15.00 to C$14.50 and set a “buy” rating on the stock in a research note on Thursday, October 30th. National Bankshares lowered Advantage Energy from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$14.50 to C$14.00 in a report on Wednesday, October 22nd. Finally, Natl Bk Canada downgraded Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$13.75.

Advantage Energy Trading Up 1.7%

TSE:AAV opened at C$12.33 on Tuesday. The company has a market cap of C$2.06 billion, a P/E ratio of 35.23, a price-to-earnings-growth ratio of -3.58 and a beta of 0.11. Advantage Energy has a twelve month low of C$7.81 and a twelve month high of C$13.20. The business has a 50 day moving average price of C$11.86 and a two-hundred day moving average price of C$11.51. 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 (TSE:AAV) (NYSE:AAV) last issued its quarterly 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 net margin of 8.98% and a return on equity of 2.87%. As a group, analysts expect 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.