Advantage Energy (TSE:AAV) Upgraded to “Moderate Buy” at Raymond James

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

A number of other analysts also recently issued reports on AAV. CIBC lifted their price objective on shares of Advantage Energy from C$11.00 to C$11.50 in a report on Friday, January 17th. BMO Capital Markets boosted their price target on shares of Advantage Energy from C$12.00 to C$13.00 in a research report on Tuesday, January 14th. Cormark upgraded Advantage Energy to a “moderate buy” rating in a report on Thursday, March 6th. National Bankshares upgraded Advantage Energy from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$11.50 to C$15.00 in a report on Thursday, January 30th. Finally, National Bank Financial raised Advantage Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 20th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$13.50.

Advantage Energy Stock Up 7.9 %

Shares of Advantage Energy stock opened at C$8.86 on Monday. The firm has a market cap of C$1.47 billion, a PE ratio of 32.27, a P/E/G ratio of -3.58 and a beta of 1.46. The business’s 50 day simple moving average is C$9.70 and its 200 day simple moving average is C$9.41. The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75. Advantage Energy has a 52-week low of C$7.81 and a 52-week high of C$11.73.

Insider Transactions at Advantage Energy

In other Advantage Energy news, Director John Festival purchased 20,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of C$9.18 per share, for a total transaction of C$183,600.00. Also, Senior Officer Geoffrey Keyser acquired 3,000 shares of the stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of C$9.10 per share, for a total transaction of C$27,300.00. 1.55% of the stock is owned by corporate insiders.

About Advantage Energy

Advantage Energy Ltd supplies clean, affordable, reliable, and sustainable Canadian energy to power the needs of Canada and the world. It is focused on the development and delineation of its Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla, and Progress, Alberta.