National Bankshares Upgrades Advantage Energy (TSE:AAV) to “Outperform”

National Bankshares upgraded shares of Advantage Energy (TSE:AAV) (NYSE:AAV) from a sector perform rating to an outperform rating in a report released on Thursday morning,BayStreet.CA reports. National Bankshares currently has C$15.00 target price on the stock, up from their prior target price of C$11.50.

A number of other brokerages have also weighed in on AAV. TD Securities reiterated a “buy” rating and issued a C$13.00 price objective on shares of Advantage Energy in a research report on Wednesday, October 9th. BMO Capital Markets lifted their price target on Advantage Energy from C$12.00 to C$13.00 in a research report on Tuesday, January 14th. National Bank Financial upgraded Advantage Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 20th. Finally, CIBC lifted their price target on Advantage Energy from C$11.00 to C$11.50 in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Advantage Energy currently has an average rating of “Moderate Buy” and an average price target of C$13.77.

Advantage Energy Price Performance

Shares of AAV stock opened at C$9.24 on Thursday. The firm has a market cap of C$1.54 billion, a P/E ratio of 19.66, a P/E/G ratio of -3.58 and a beta of 1.46. Advantage Energy has a fifty-two week low of C$8.27 and a fifty-two week high of C$11.73. The business’s 50 day moving average price is C$9.40 and its 200-day moving average price is C$9.38. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76.

Insiders Place Their Bets

In other Advantage Energy news, Senior Officer Darren Tisdale purchased 3,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was purchased at an average price of C$8.85 per share, for a total transaction of C$26,550.00. Also, Director David Glenson Smith purchased 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was acquired at an average price of C$8.81 per share, with a total value of C$176,160.00. Over the last three months, insiders have purchased 25,047 shares of company stock valued at $220,732. 1.55% of the stock is currently owned by corporate insiders.

About Advantage Energy

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.