Advantage Energy (TSE:AAV) Rating Increased to Outperform at National Bankshares

National Bankshares upgraded shares of Advantage Energy (TSE:AAV) (NYSE:AAV) from a sector perform rating to an outperform rating in a report issued on Thursday morning,BayStreet.CA reports. The brokerage currently has C$15.00 target price on the stock, up from their previous target price of C$11.50.

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

Advantage Energy Stock Up 0.2 %

Shares of TSE AAV opened at C$9.24 on Thursday. 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 business’s fifty day moving average price is C$9.40 and its 200-day moving average price is C$9.38. The stock has a market capitalization of C$1.54 billion, a PE ratio of 19.66, a P/E/G ratio of -3.58 and a beta of 1.46.

Insider Activity

In other news, Director David Glenson Smith acquired 20,000 shares of Advantage Energy stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average cost of C$8.81 per share, for a total transaction of C$176,160.00. Also, Senior Officer Darren Tisdale acquired 3,000 shares of Advantage Energy stock in a transaction dated Friday, November 15th. The shares were purchased at an average price of C$8.85 per share, for a total transaction of C$26,550.00. In the last three months, insiders have bought 25,047 shares of company stock worth $220,732. 1.55% of the stock is currently owned by 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.