National Bankshares Upgrades Advantage Energy (TSE:AAV) to “Outperform”

Advantage Energy (TSE:AAV) (NYSE:AAV) was upgraded by National Bankshares from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a C$15.00 price target on the stock, up from their prior price target of C$11.50. National Bankshares’ target price points to a potential upside of 47.20% from the company’s current price.

Several other equities analysts also recently commented on the stock. TD Securities reaffirmed a “buy” rating and set a C$13.00 price objective on shares of Advantage Energy in a research report on Wednesday, October 9th. Cormark raised Advantage Energy to a “moderate buy” rating in a research report on Monday, September 23rd. BMO Capital Markets upped their price target on Advantage Energy from C$12.00 to C$13.00 in a report on Tuesday, January 14th. National Bank Financial cut shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, CIBC increased their target price on Advantage Energy from C$11.00 to C$11.50 in a research note on Friday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$13.77.

Advantage Energy Price Performance

Shares of TSE:AAV traded up C$0.05 during midday trading on Tuesday, reaching C$10.19. 472,444 shares of the company’s stock traded hands, compared to its average volume of 422,269. The company has a fifty day simple moving average of C$9.28 and a two-hundred day simple moving average of C$9.42. Advantage Energy has a 1 year low of C$8.24 and a 1 year high of C$11.73. The company has a market cap of C$1.70 billion, a P/E ratio of 21.68, a PEG ratio of -3.58 and a beta of 1.46. 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 (TSE:AAV) (NYSE:AAV) last issued its earnings results on Thursday, October 24th. The company reported C($0.04) earnings per share 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 company had revenue of C$144.86 million for the quarter, compared to analyst estimates of C$161.10 million. Equities analysts predict that Advantage Energy will post 1.4701493 EPS for the current fiscal year.

Insider Buying and Selling at Advantage Energy

In other Advantage Energy news, Senior Officer Geoffrey Keyser bought 4,000 shares of the stock in a transaction on Monday, October 28th. The stock was purchased at an average price of C$8.89 per share, with a total value of C$35,540.00. Also, Director John Festival purchased 20,000 shares of Advantage Energy stock in a transaction dated Monday, October 28th. The stock was bought at an average price of C$8.80 per share, for a total transaction of C$176,000.00. In the last quarter, insiders acquired 54,047 shares of company stock worth $476,272. 1.55% of the stock is currently owned by 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.