Natl Bk Canada Downgrades Advantage Energy (TSE:AAV) to Hold

Advantage Energy (TSE:AAV) (NYSE:AAV) was downgraded by investment analysts at Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

AAV has been the topic of several other reports. Desjardins dropped their price objective on Advantage Energy from C$15.00 to C$14.50 and set a “buy” rating on the stock in a research note on Thursday, October 30th. National Bankshares lowered shares of Advantage Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$14.50 to C$14.00 in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.93.

Advantage Energy Stock Performance

Shares of AAV opened at C$12.09 on Wednesday. The firm has a market capitalization of C$2.02 billion, a P/E ratio of 34.54, a P/E/G ratio of -3.58 and a beta of 0.16. Advantage Energy has a 52 week low of C$7.81 and a 52 week high of C$12.75. The stock has a 50 day moving average price of C$11.67 and a two-hundred day moving average price of C$11.39. The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its earnings results on Tuesday, October 28th. The company reported C$0.00 earnings per share for the quarter. The company had revenue of C$137.96 million for the quarter. Advantage Energy had a return on equity of 2.87% and a net margin of 8.98%. Equities 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.