Advantage Energy Ltd. (TSE:AAV) Director John Festival Buys 20,000 Shares

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director John Festival bought 20,000 shares of Advantage Energy stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of C$9.18 per share, with a total value of C$183,600.00.

Advantage Energy Price Performance

Shares of TSE AAV opened at C$9.55 on Friday. The stock has a market capitalization of C$1.59 billion, a PE ratio of 34.78, a P/E/G ratio of -3.58 and a beta of 1.46. The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72. The business has a fifty day moving average price of C$9.67 and a two-hundred day moving average price of C$9.33. Advantage Energy Ltd. has a fifty-two week low of C$8.27 and a fifty-two week high of C$11.73.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. BMO Capital Markets lifted their target price on Advantage Energy from C$12.00 to C$13.00 in a research note on Tuesday, January 14th. Cormark raised Advantage Energy to a “moderate buy” rating in a report on Thursday, March 6th. National Bankshares raised Advantage Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$11.50 to C$15.00 in a report on Thursday, January 30th. CIBC lifted their price target on Advantage Energy from C$11.00 to C$11.50 in a report on Friday, January 17th. Finally, National Bank Financial raised Advantage Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, January 20th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.85.

Advantage Energy Company Profile

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.