Advantage Energy (TSE:AAV) Lowered to “Outperform” at Raymond James

Raymond James lowered shares of Advantage Energy (TSE:AAV – Get Rating) (NYSE:AAV) from a strong-buy rating to an outperform rating in a research report released on Monday morning, BayStreet.CA reports. Raymond James currently has C$12.00 price objective on the stock, down from their previous price objective of C$14.00.

AAV has been the subject of a number of other research reports. Stifel Nicolaus set a C$14.25 price target on Advantage Energy and gave the stock a buy rating in a report on Friday. CIBC raised their price target on Advantage Energy from C$13.00 to C$13.50 in a report on Friday, October 7th. Stifel Firstegy reaffirmed a buy rating on shares of Advantage Energy in a research note on Thursday, January 12th. Finally, Scotiabank increased their price target on Advantage Energy from C$15.00 to C$16.50 in a research report on Monday, September 19th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Advantage Energy presently has a consensus rating of Moderate Buy and a consensus target price of C$13.08.

Advantage Energy Stock Performance

Shares of Advantage Energy stock opened at C$8.91 on Monday. The firm’s fifty day simple moving average is C$10.38 and its 200-day simple moving average is C$10.41. The stock has a market capitalization of C$1.53 billion and a price-to-earnings ratio of 3.00. Advantage Energy has a 12 month low of C$5.98 and a 12 month high of C$12.19. The company has a debt-to-equity ratio of 14.56, a current ratio of 0.81 and a quick ratio of 0.72.

Advantage Energy (TSE:AAV – Get Rating) (NYSE:AAV) last issued its earnings results on Thursday, October 27th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$138.69 million for the quarter. As a group, equities analysts forecast that Advantage Energy will post 1.9600001 earnings per share for the current year.

About Advantage Energy

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Advantage Energy Ltd., together with its subsidiaries, acquires, exploits, develops, and produces crude oil, natural gas, and natural gas liquids in the Province of Alberta, Canada. The company focuses on the development and production of oil and natural gas resource that includes 228 net sections covering an area of 145,920 net acres of Doig/Montney rights in Glacier, Valhalla, Progress, and Pipestone/Wembley.