Advantage Energy (TSE:AAV) Stock Rating Lowered by BMO Capital Markets

Advantage Energy (TSE:AAV) (NYSE:AAV) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday,BayStreet.CA reports. They presently have a C$12.00 price target on the stock. BMO Capital Markets’ price target indicates a potential upside of 17.30% from the stock’s current price.

A number of other research analysts also recently weighed in on AAV. Raymond James Financial upgraded Advantage Energy from a “hold” rating to a “moderate buy” rating and raised their price target for the company from C$13.00 to C$15.00 in a research note on Tuesday, December 9th. National Bank Financial raised Advantage Energy from a “hold” rating to an “outperform” rating and raised their price objective for the company from C$14.00 to C$15.00 in a research report on Friday, February 13th. Royal Bank Of Canada lifted their price target on Advantage Energy from C$12.00 to C$14.00 and gave the stock a “sector perform” rating in a report on Thursday, December 11th. ATB Cormark Capital Markets lowered Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and lowered their price objective for the stock from C$15.00 to C$14.00 in a research note on Friday, February 13th. Finally, Desjardins raised their price objective on Advantage Energy from C$14.50 to C$15.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$13.88.

Advantage Energy Stock Down 0.3%

AAV stock traded down C$0.03 during mid-day trading on Tuesday, reaching C$10.23. The company had a trading volume of 863,693 shares, compared to its average volume of 933,239. The company has a debt-to-equity ratio of 52.03, a current ratio of 0.39 and a quick ratio of 0.72. The stock has a 50 day simple moving average of C$10.92 and a two-hundred day simple moving average of C$11.40. The company has a market capitalization of C$1.71 billion, a price-to-earnings ratio of 33.00, a PEG ratio of -3.58 and a beta of -0.25. Advantage Energy has a 52 week low of C$7.81 and a 52 week high of C$13.20.

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.