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

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

Several other analysts also recently weighed in on AAV. CIBC restated a neutral rating and issued a C$12.00 price objective on shares of Advantage Energy in a report on Thursday, August 29th. Royal Bank of Canada boosted their price target on shares of Advantage Energy from C$11.00 to C$12.00 and gave the company a sector perform rating in a report on Wednesday, June 19th. National Bankshares upped their price target 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. ATB Capital lifted their price objective on shares of Advantage Energy from C$13.50 to C$14.00 in a report on Wednesday, July 10th. Finally, TD Securities restated a buy rating and set a C$14.00 target price on shares of Advantage Energy in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of C$13.68.

Advantage Energy Stock Performance

Shares of TSE:AAV opened at C$8.84 on Monday. The firm’s 50 day simple moving average is C$9.48 and its 200-day simple moving average is C$10.15. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76. Advantage Energy has a one year low of C$8.02 and a one year high of C$11.73. The firm has a market cap of C$1.48 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of -3.58 and a beta of 1.48.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released 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). Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. The firm had revenue of C$100.66 million for the quarter, compared to analysts’ expectations of C$108.50 million. As a group, equities analysts predict that Advantage Energy will post 1.4695513 EPS for the current year.

Insider Activity

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