Insider Buying: Advantage Energy (TSE:AAV) Director Purchases C$49,600.00 in Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director Donald Clague bought 5,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of C$9.92 per share, with a total value of C$49,600.00. Following the completion of the transaction, the director owned 90,000 shares of the company’s stock, valued at approximately C$892,800. The trade was a 5.88% increase in their position.

Advantage Energy Stock Down 1.0%

TSE:AAV opened at C$9.85 on Thursday. Advantage Energy Ltd. has a twelve month low of C$9.19 and a twelve month high of C$13.20. The company has a market cap of C$1.65 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of -3.58 and a beta of -0.23. The stock has a fifty day simple moving average of C$10.52 and a 200-day simple moving average of C$11.12. 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 (TSE:AAV) (NYSE:AAV) last released its earnings results on Thursday, March 5th. The company reported C$0.06 earnings per share for the quarter. Advantage Energy had a return on equity of 6.59% and a net margin of 16.83%.The business had revenue of C$169.03 million during the quarter. Analysts anticipate that Advantage Energy Ltd. will post 1.4701493 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AAV shares. BMO Capital Markets downgraded Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 target price for the company. in a research report on Tuesday, April 7th. National Bank Financial upgraded Advantage Energy from a “hold” rating to an “outperform” rating and raised their price target for the company from C$14.00 to C$15.00 in a research note on Friday, February 13th. Finally, ATB Cormark Capital Markets lowered Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and cut their price target for the company from C$15.00 to C$14.00 in a research note on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.