David Glenson Smith Purchases 20,000 Shares of Advantage Energy Ltd. (TSE:AAV) Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director David Glenson Smith purchased 20,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was purchased at an average price of C$8.81 per share, for a total transaction of C$176,160.00.

Advantage Energy Stock Performance

AAV stock opened at C$9.06 on Friday. The business has a 50 day moving average of C$9.21 and a 200-day moving average of C$9.97. The firm has a market cap of C$1.51 billion, a PE ratio of 19.28, a P/E/G ratio of -3.58 and a beta of 1.46. Advantage Energy Ltd. has a 12-month low of C$8.02 and a 12-month high of C$11.73. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 46.86.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its earnings results on Thursday, October 24th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.07). The business had revenue of C$144.86 million for the quarter, compared to analysts’ expectations of C$161.10 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. As a group, sell-side analysts expect that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AAV shares. National Bankshares cut their target price on Advantage Energy from C$13.00 to C$11.50 in a report on Friday, September 27th. Cormark upgraded shares of Advantage Energy to a “moderate buy” rating in a report on Monday, September 23rd. National Bank Financial lowered shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. CIBC reaffirmed a “neutral” rating and issued a C$12.00 price target on shares of Advantage Energy in a research report on Thursday, August 29th. Finally, TD Securities reissued a “buy” rating and set a C$13.00 price objective on shares of Advantage Energy in a report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Advantage Energy currently has an average rating of “Moderate Buy” and an average target price of C$13.21.

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.