Advantage Energy (TSE:AAV) Upgraded by Cormark to Moderate Buy

Cormark upgraded shares of Advantage Energy (TSE:AAV) (NYSE:AAV) to a moderate buy rating in a research report released on Monday morning, Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. TD Securities reiterated a buy rating and set a C$14.00 price objective on shares of Advantage Energy in a research report on Friday, July 26th. CIBC reiterated a neutral rating and issued a C$12.00 price target on shares of Advantage Energy in a report on Thursday, August 29th. Scotiabank increased their price objective on shares of Advantage Energy from C$19.00 to C$20.00 and gave the company an outperform rating in a report on Wednesday, June 19th. National Bankshares lifted their target price on Advantage Energy from C$12.50 to C$13.00 and gave the stock an outperform rating in a report on Wednesday, June 19th. Finally, Royal Bank of Canada boosted their target price on Advantage Energy from C$11.00 to C$12.00 and gave the stock a sector perform rating in a research report on Wednesday, June 19th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of C$13.68.

Advantage Energy Stock Down 1.9 %

AAV opened at C$8.84 on Monday. The stock has a market cap of C$1.48 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of -3.58 and a beta of 1.48. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76. The firm’s fifty day moving average is C$9.48 and its 200 day moving average is C$10.15. Advantage Energy has a fifty-two week low of C$8.02 and a fifty-two week high of C$11.73.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings data on Thursday, July 25th. The company reported C($0.07) EPS for the quarter, missing the consensus estimate of C($0.03) by C($0.04). The business had revenue of C$100.66 million during the quarter, compared to analysts’ expectations of C$108.50 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. On average, sell-side analysts forecast that Advantage Energy will post 1.4695513 earnings per share for the current fiscal year.

Insider Transactions at Advantage Energy

In related news, Senior Officer Donald Craig Blackwood purchased 5,435 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of C$9.20 per share, for a total transaction of C$50,002.00. In other news, Senior Officer Donald Craig Blackwood acquired 5,435 shares of Advantage Energy stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average cost of C$9.20 per share, with a total value of C$50,002.00. Also, Director John Festival bought 20,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were acquired at an average price of C$9.58 per share, with a total value of C$191,600.00. In the last 90 days, insiders purchased 49,435 shares of company stock worth $479,521. 1.53% of the stock is currently owned by company insiders.

About Advantage Energy

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.