Advantage Energy (TSE:AAV) Raised to “Moderate Buy” at Cormark

Advantage Energy (TSE:AAV) (NYSE:AAV) was upgraded by stock analysts at Cormark to a “moderate buy” rating in a report released on Thursday,Zacks.com reports.

Several other research analysts have also recently commented on the company. BMO Capital Markets boosted their price target on Advantage Energy from C$12.00 to C$13.00 in a research note on Tuesday, January 14th. National Bankshares raised Advantage Energy from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$11.50 to C$15.00 in a report on Thursday, January 30th. CIBC increased their price objective on shares of Advantage Energy from C$11.00 to C$11.50 in a report on Friday, January 17th. 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 equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Advantage Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$13.85.

Advantage Energy Stock Performance

Shares of AAV opened at C$9.33 on Thursday. Advantage Energy has a 1 year low of C$8.27 and a 1 year high of C$11.73. The company’s 50 day simple moving average is C$9.72 and its 200 day simple moving average is C$9.34. The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75. The company has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 33.98, a PEG ratio of -3.58 and a beta of 1.46.

Insider Buying and Selling at Advantage Energy

In other news, Senior Officer Geoffrey Keyser acquired 3,000 shares of the stock in a transaction on Wednesday, January 29th. The stock was acquired at an average cost of C$9.10 per share, for a total transaction of C$27,300.00. 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.