Advantage Energy (TSE:AAV) Stock Rating Upgraded by National Bankshares

Advantage Energy (TSE:AAV) (NYSE:AAV) was upgraded by analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a C$15.00 price objective on the stock, up from their prior price objective of C$11.50. National Bankshares’ target price would suggest a potential upside of 62.51% from the stock’s previous close.

Several other analysts have also recently commented on AAV. CIBC upped their target price on shares of Advantage Energy from C$11.00 to C$11.50 in a research report on Friday, January 17th. BMO Capital Markets upped their price objective on Advantage Energy from C$12.00 to C$13.00 in a report on Tuesday, January 14th. TD Securities restated a “buy” rating and set a C$13.00 target price on shares of Advantage Energy in a report on Wednesday, October 9th. Finally, National Bank Financial raised Advantage Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 20th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$13.77.

Advantage Energy Trading Down 0.1 %

AAV opened at C$9.23 on Thursday. The firm has a 50 day simple moving average of C$9.39 and a 200 day simple moving average of C$9.37. Advantage Energy has a fifty-two week low of C$8.27 and a fifty-two week high of C$11.73. The company has a market cap of C$1.54 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company has a debt-to-equity ratio of 46.86, a current ratio of 0.76 and a quick ratio of 0.72.

Insider Transactions at Advantage Energy

In other news, Senior Officer Darren Tisdale acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average cost of C$8.85 per share, for a total transaction of C$26,550.00. Also, Director David Glenson Smith bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average cost of C$8.81 per share, for a total transaction of C$176,160.00. Insiders purchased 28,047 shares of company stock valued at $248,032 over the last quarter. 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.