Advantage Energy (TSE:AAV) Upgraded to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Advantage Energy (TSE:AAV) (NYSE:AAV) from a hold rating to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the company. National Bankshares upgraded shares of Advantage Energy from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$11.50 to C$15.00 in a research report on Tuesday. TD Securities reissued a “buy” rating and issued a C$13.00 target price on shares of Advantage Energy in a report on Wednesday, October 9th. CIBC upped their target price on Advantage Energy from C$11.00 to C$11.50 in a report on Friday, January 17th. BMO Capital Markets raised their price target on Advantage Energy from C$12.00 to C$13.00 in a report on Tuesday, January 14th. Finally, Cormark upgraded Advantage Energy to a “moderate buy” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$13.77.

Advantage Energy Stock Performance

Shares of TSE:AAV opened at C$10.12 on Monday. The business’s 50-day simple moving average is C$9.28 and its 200 day simple moving average is C$9.42. Advantage Energy has a one year low of C$8.24 and a one year high of C$11.73. 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 company has a market cap of C$1.69 billion, a P/E ratio of 21.53, a PEG ratio of -3.58 and a beta of 1.46.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings data on Thursday, October 24th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.07). Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. The business had revenue of C$144.86 million for the quarter, compared to analysts’ expectations of C$161.10 million. On average, sell-side analysts forecast that Advantage Energy will post 1.4701493 earnings per share for the current fiscal year.

Insider Transactions at Advantage Energy

In other news, Senior Officer Darren Tisdale purchased 3,000 shares of Advantage Energy stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of C$8.85 per share, for a total transaction of C$26,550.00. Also, Director John Festival acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average cost of C$8.80 per share, with a total value of C$176,000.00. In the last 90 days, insiders have bought 54,047 shares of company stock valued at $476,272. Corporate insiders own 1.55% of the company’s stock.

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.