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 report released on Monday morning,Zacks.com reports.

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

Advantage Energy Price Performance

Advantage Energy stock opened at C$10.15 on Monday. The stock’s fifty day moving average price is C$9.30 and its two-hundred day moving average price is C$9.42. Advantage Energy has a one year low of C$8.27 and a one year high of C$11.73. The company has a debt-to-equity ratio of 46.86, a current ratio of 0.76 and a quick ratio of 0.72. The firm has a market cap of C$1.69 billion, a PE ratio of 21.60, a price-to-earnings-growth 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) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of C$161.10 million. As a group, research analysts expect that Advantage Energy will post 1.4701493 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John Festival bought 20,000 shares of the business’s stock in a transaction on Monday, October 28th. The shares were purchased at an average cost of C$8.80 per share, with a total value of C$176,000.00. Also, Director Stephen Balog bought 5,000 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were bought at an average cost of C$8.80 per share, for a total transaction of C$44,000.00. In the last three months, insiders have purchased 54,047 shares of company stock valued at $476,272. 1.55% of the stock is currently owned by company 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.