Advantage Energy Ltd. (TSE:AAV) Receives Consensus Rating of “Moderate Buy” from Brokerages

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$14.17.

AAV has been the subject of a number of analyst reports. ATB Cormark Capital Markets cut shares of Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and reduced their price objective for the company from C$15.00 to C$14.00 in a report on Friday, February 13th. BMO Capital Markets cut shares of Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price objective for the company. in a report on Tuesday, April 7th. Finally, National Bank Financial upgraded shares of Advantage Energy from a “hold” rating to an “outperform” rating and lifted their price objective for the company from C$14.00 to C$15.00 in a report on Friday, February 13th.

Advantage Energy Trading Up 4.9%

AAV opened at C$10.48 on Thursday. Advantage Energy has a twelve month low of C$9.19 and a twelve month high of C$13.20. The company has a quick ratio of 0.72, a current ratio of 0.38 and a debt-to-equity ratio of 48.61. The company has a fifty day moving average of C$10.22 and a 200-day moving average of C$10.95. The stock has a market cap of C$1.76 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of -3.58 and a beta of -0.23.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.06 EPS for the quarter. Advantage Energy had a net margin of 16.83% and a return on equity of 6.59%. The business had revenue of C$169.03 million during the quarter. On average, sell-side analysts predict that Advantage Energy will post 1.4701493 EPS for the current year.

Insider Buying and Selling at Advantage Energy

In other news, Director Donald M. Clague purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average cost of C$9.92 per share, with a total value of C$49,600.00. Following the completion of the transaction, the director directly owned 90,000 shares of the company’s stock, valued at approximately C$892,800. This trade represents a 5.88% increase in their ownership of the stock. 1.55% of the stock is owned by insiders.

About Advantage Energy

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.