Advantage Energy (TSE:AAV) Downgraded to Market Perform Rating by Raymond James Financial

Advantage Energy (TSE:AAV) (NYSE:AAV) was downgraded by equities research analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a report released on Wednesday, BayStreet reports. They currently have a C$13.00 price objective on the stock, down from their prior price objective of C$14.00. Raymond James Financial’s price target indicates a potential upside of 27.58% from the company’s current price.

Separately, Scotiabank upgraded shares of Advantage Energy to a “strong-buy” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Advantage Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$13.83.

Advantage Energy Price Performance

AAV stock traded down C$0.67 during midday trading on Wednesday, hitting C$10.19. 543,906 shares of the stock were exchanged, compared to its average volume of 912,650. The stock’s 50-day moving average price is C$10.90 and its 200-day moving average price is C$10.53. The company has a debt-to-equity ratio of 55.11, a quick ratio of 0.72 and a current ratio of 0.34. The stock has a market cap of C$1.71 billion, a price-to-earnings ratio of 20.80, a PEG ratio of -3.58 and a beta of -0.52. Advantage Energy has a fifty-two week low of C$9.19 and a fifty-two week high of C$13.20.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its earnings results on Thursday, July 30th. The company reported C$0.27 earnings per share for the quarter. Advantage Energy had a return on equity of 4.91% and a net margin of 12.02%.The company had revenue of C$178.76 million for the quarter. Research analysts predict that Advantage Energy will post 1.4701493 earnings per share for the current year.

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.