Advantage Energy Ltd. (TSE:AAV) Given Average Recommendation of “Moderate Buy” by Brokerages

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$14.17.

A number of research firms recently issued reports on AAV. BMO Capital Markets lowered Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price objective for the company. in a research report on Tuesday, April 7th. Scotiabank upgraded shares of Advantage Energy to a “strong-buy” rating in a report on Friday, June 26th.

Advantage Energy Stock Up 0.9%

Shares of TSE:AAV opened at C$10.53 on Monday. The firm has a market cap of C$1.77 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of -3.58 and a beta of -0.42. The company has a fifty day simple moving average of C$10.05 and a 200 day simple moving average of C$10.63. The company has a current ratio of 0.38, a quick ratio of 0.72 and a debt-to-equity ratio of 48.61. Advantage Energy has a 12-month low of C$9.19 and a 12-month high of C$13.20.

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

Insider Buying and Selling at Advantage Energy

In other Advantage Energy news, Director John Festival bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average price of C$9.60 per share, with a total value of C$480,000.00. Following the completion of the transaction, the director directly owned 300,000 shares in the company, valued at approximately C$2,880,000. This represents a 20.00% increase in their position. Also, insider Donald Craig Blackwood purchased 10,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of C$9.55 per share, for a total transaction of C$95,500.00. Following the acquisition, the insider directly owned 1,109,248 shares of the company’s stock, valued at C$10,593,318.40. This represents a 0.91% increase in their position. Over the last three months, insiders have bought 71,195 shares of company stock valued at $684,488. 1.55% of the stock is currently owned by corporate 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.