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

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

AAV has been the subject of several other research reports. CIBC increased their target price on Advantage Energy from C$11.00 to C$11.50 in a research note on Friday, January 17th. National Bankshares upgraded Advantage Energy from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$11.50 to C$15.00 in a research note on Thursday, January 30th. BMO Capital Markets increased their target price on Advantage Energy from C$12.00 to C$13.00 in a research note on Tuesday, January 14th. Finally, National Bank Financial upgraded Advantage Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 20th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$13.85.

Advantage Energy Stock Performance

AAV opened at C$8.97 on Thursday. The stock has a 50-day moving average of C$9.72 and a 200-day moving average of C$9.33. Advantage Energy has a 52-week low of C$8.27 and a 52-week high of C$11.73. The company has a market cap of C$1.49 billion, a PE ratio of 32.67, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75.

Insiders Place Their Bets

In related news, Senior Officer Geoffrey Keyser bought 3,000 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of C$9.10 per share, with a total value of C$27,300.00. 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.