Advantage Energy Ltd. (AAV.TO) – What Are Brokerages Thinking About This Stock?

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$13.83.

Several brokerages have recently commented on AAV. Scotiabank raised shares of Advantage Energy to a “strong-buy” rating in a research note on Friday, June 26th. Raymond James Financial cut Advantage Energy from a “moderate buy” rating to a “hold” rating and cut their price objective for the company from C$14.00 to C$13.00 in a research report on Wednesday, September 16th.

Advantage Energy Price Performance

Shares of Advantage Energy stock opened at C$10.50 on Wednesday. The company has a debt-to-equity ratio of 55.11, a quick ratio of 0.72 and a current ratio of 0.34. Advantage Energy has a 52-week low of C$9.19 and a 52-week high of C$13.20. The company’s 50 day moving average price is C$10.66 and its 200-day moving average price is C$10.43. The stock has a market capitalization of C$1.76 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of -3.58 and a beta of -0.47.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.27 EPS for the quarter. The company had revenue of C$178.76 million during the quarter. Advantage Energy had a net margin of 12.02% and a return on equity of 4.91%. Equities research analysts forecast that Advantage Energy will post 1.47 EPS 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.