Advantage Energy (TSE:AAV) Raised to Outperform at National Bankshares

Advantage Energy (TSE:AAV) (NYSE:AAV) was upgraded by research analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a C$15.00 price objective on the stock, up from their previous price objective of C$11.50. National Bankshares’ price target indicates a potential upside of 62.16% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. National Bank Financial raised Advantage Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, January 20th. BMO Capital Markets lifted their price objective on shares of Advantage Energy from C$12.00 to C$13.00 in a research report on Tuesday, January 14th. TD Securities reiterated a “buy” rating and set a C$13.00 price objective on shares of Advantage Energy in a research report on Wednesday, October 9th. Finally, CIBC lifted their price objective on shares of Advantage Energy from C$11.00 to C$11.50 in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$13.77.

Advantage Energy Price Performance

Shares of TSE AAV traded up C$0.03 during trading on Thursday, hitting C$9.25. The company had a trading volume of 74,395 shares, compared to its average volume of 448,023. The company has a market cap of C$1.54 billion, a P/E ratio of 19.68, a PEG ratio of -3.58 and a beta of 1.46. Advantage Energy has a 52 week low of C$8.27 and a 52 week high of C$11.73. The business’s 50-day moving average is C$9.40 and its 200 day moving average is C$9.38. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76.

Insider Activity

In other Advantage Energy news, Director David Glenson Smith acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average cost of C$8.81 per share, for a total transaction of C$176,160.00. Also, Senior Officer Darren Tisdale acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of C$8.85 per share, with a total value of C$26,550.00. Insiders have purchased a total of 25,047 shares of company stock worth $220,732 in the last ninety days. Corporate insiders own 1.55% of the company’s stock.

Advantage Energy Company Profile

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.