Advantage Energy (TSE:AAV) Rating Increased to Moderate Buy at Cormark

Advantage Energy (TSE:AAV) (NYSE:AAV) was upgraded by equities research analysts at Cormark to a “moderate buy” rating in a report issued on Monday, Zacks.com reports.

Several other analysts also recently commented on AAV. TD Securities reaffirmed a “buy” rating and issued a C$14.00 price objective on shares of Advantage Energy in a report on Friday, July 26th. CIBC reiterated a “neutral” rating and issued a C$12.00 target price on shares of Advantage Energy in a research report on Thursday, August 29th. Scotiabank increased their target price on shares of Advantage Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, June 19th. National Bankshares raised their price objective on shares of Advantage Energy from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 19th. Finally, Royal Bank of Canada raised their price objective on shares of Advantage Energy from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 19th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Advantage Energy has an average rating of “Moderate Buy” and a consensus price target of C$13.68.

Advantage Energy Trading Down 0.1 %

TSE AAV opened at C$9.17 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 46.86. The firm has a market cap of C$1.53 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of -3.58 and a beta of 1.48. The company has a 50 day moving average price of C$9.48 and a 200 day moving average price of C$10.15. Advantage Energy has a 52 week low of C$8.02 and a 52 week high of C$11.73.

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

Insiders Place Their Bets

In related news, Director Jill Terilee Angevine acquired 24,000 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were bought at an average price of C$9.91 per share, with a total value of C$237,919.20. In other Advantage Energy news, Senior Officer Donald Craig Blackwood bought 5,435 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of C$9.20 per share, with a total value of C$50,002.00. Also, Director Jill Terilee Angevine bought 24,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was acquired at an average cost of C$9.91 per share, for a total transaction of C$237,919.20. Over the last quarter, insiders have purchased 49,435 shares of company stock valued at $479,521. 1.53% of the stock is owned by corporate insiders.

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.