Advantage Energy (TSE:AAV) Trading Down 5.2%

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) shares traded down 5.2% during mid-day trading on Friday . The stock traded as low as C$8.90 and last traded at C$9.29. 92,379 shares changed hands during trading, a decline of 78% from the average session volume of 427,663 shares. The stock had previously closed at C$9.80.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BMO Capital Markets restated an “outperform” rating and set a C$13.00 price target on shares of Advantage Energy in a research report on Monday, April 8th. ATB Capital upped their price objective on Advantage Energy from C$13.50 to C$14.00 in a research report on Wednesday, July 10th. Scotiabank upped their price objective on Advantage Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, June 19th. CIBC upped their price target on Advantage Energy from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 19th. Finally, National Bankshares upped their price target on Advantage Energy from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 19th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$13.68.

Advantage Energy Stock Performance

The business has a 50 day moving average price of C$10.61 and a two-hundred day moving average price of C$10.09. The stock has a market cap of C$1.52 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of -3.58 and a beta of 1.61. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 25.01.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings results on Thursday, April 25th. The company reported C$0.14 EPS for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.03. Advantage Energy had a return on equity of 6.06% and a net margin of 18.74%. The company had revenue of C$139.38 million during the quarter, compared to analyst estimates of C$132.00 million. On average, sell-side analysts forecast that Advantage Energy Ltd. will post 0.5729702 earnings per share for the current fiscal year.

Insider Activity at Advantage Energy

In related news, Director Donald M. Clague acquired 5,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was acquired at an average cost of C$10.58 per share, with a total value of C$52,900.00. In related news, Director Donald M. Clague acquired 5,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was acquired at an average cost of C$10.58 per share, with a total value of C$52,900.00. Also, Senior Officer Geoffrey Keyser acquired 3,000 shares of the stock in a transaction dated Monday, June 17th. The stock was bought at an average cost of C$10.15 per share, with a total value of C$30,450.00. Over the last three months, insiders bought 37,000 shares of company stock valued at $372,069. Insiders own 1.53% of the company’s stock.

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.