Insider Buying: Advantage Energy (TSE:AAV) Insider Acquires 4,100 Shares of Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) insider Darren Tisdale purchased 4,100 shares of the stock in a transaction dated Tuesday, June 16th. The shares were purchased at an average price of C$9.60 per share, with a total value of C$39,360.00. Following the completion of the transaction, the insider owned 217,782 shares of the company’s stock, valued at approximately C$2,090,707.20. This trade represents a 1.92% increase in their ownership of the stock.

Advantage Energy Stock Down 0.1%

Advantage Energy stock traded down C$0.01 during mid-day trading on Tuesday, reaching C$9.67. 707,175 shares of the company’s stock were exchanged, compared to its average volume of 967,560. The company has a market cap of C$1.62 billion, a P/E ratio of 14.88, a P/E/G ratio of -3.58 and a beta of -0.42. The company has a fifty day moving average of C$10.01 and a 200-day moving average of C$10.83. 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 quick ratio of 0.72, a current ratio of 0.38 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 (EPS) for the quarter. The firm 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%. Sell-side analysts expect that Advantage Energy Ltd. will post 1.4701493 EPS for the current year.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets downgraded shares of Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 target price on the stock. in a research report on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Advantage Energy has a consensus 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.