Advantage Energy (TSE:AAV) Stock Rating Lowered by Raymond James Financial

Advantage Energy (TSE:AAV) (NYSE:AAV) was downgraded by equities researchers at Raymond James Financial from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday, BayStreet reports. They currently have a C$13.00 target price on the stock, down from their prior target price of C$14.00. Raymond James Financial’s target price suggests a potential upside of 27.58% from the stock’s previous close.

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

Advantage Energy Stock Down 6.2%

Shares of Advantage Energy stock traded down C$0.67 during 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 has a market cap of C$1.71 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of -3.58 and a beta of -0.52. The firm’s 50-day moving average price is C$10.90 and its 200 day moving average price is C$10.53. Advantage Energy has a 12-month low of C$9.19 and a 12-month high of C$13.20. The company has a debt-to-equity ratio of 55.11, a current ratio of 0.34 and a quick ratio of 0.72.

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

Advantage Energy Company Profile

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.