Donald Craig Blackwood Buys 10,000 Shares of Advantage Energy (TSE:AAV) Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) insider Donald Craig Blackwood bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average cost of C$9.55 per share, for a total transaction of C$95,500.00. Following the completion of the acquisition, the insider directly owned 1,109,248 shares in the company, valued at C$10,593,318.40. The trade was a 0.91% increase in their position.

Advantage Energy Stock Up 1.6%

AAV stock opened at C$9.82 on Thursday. The company has a current ratio of 0.38, a quick ratio of 0.72 and a debt-to-equity ratio of 48.61. The firm has a market capitalization of C$1.65 billion, a PE ratio of 15.11, a PEG ratio of -3.58 and a beta of -0.42. Advantage Energy Ltd. has a 1-year low of C$9.19 and a 1-year high of C$13.20. The business’s 50 day simple moving average is C$9.99 and its 200 day simple moving average is C$10.80.

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

Wall Street Analyst Weigh In

Separately, BMO Capital Markets downgraded Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price target for the company. in a research note on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$14.17.

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.