Advantage Energy (TSE:AAV) Shares Up 1% – Should You Buy?

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s stock price shot up 1% on Monday . The stock traded as high as C$8.91 and last traded at C$8.82. 376,657 shares were traded during trading, a decline of 16% from the average session volume of 449,440 shares. The stock had previously closed at C$8.73.

Analyst Ratings Changes

Several brokerages have weighed in on AAV. 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. National Bank Financial cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Cormark raised Advantage Energy to a “moderate buy” rating in a research note on Monday, September 23rd. National Bankshares lowered their price target on Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. Finally, BMO Capital Markets lowered their price target on Advantage Energy from C$13.00 to C$12.00 in a research note on Friday, October 4th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$13.21.

Advantage Energy Price Performance

The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76. The company has a 50-day moving average of C$9.07 and a 200-day moving average of C$9.71. The firm has a market capitalization of C$1.50 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46.

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

Insiders Place Their Bets

In related news, Senior Officer Darren Tisdale acquired 3,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price of C$8.85 per share, with a total value of C$26,550.00. Also, Senior Officer Geoffrey Keyser acquired 4,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was bought at an average cost of C$8.89 per share, with a total value of C$35,540.00. Insiders bought a total of 72,000 shares of company stock valued at $637,050 in the last quarter. 1.55% of the stock is currently owned by 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.