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

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

Several equities analysts have weighed in on the company. 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 report on Tuesday, April 7th. Scotiabank upgraded Advantage Energy to a “strong-buy” rating in a research report on Friday, June 26th.

Advantage Energy Price Performance

AAV stock opened at C$10.53 on Monday. The company’s 50 day simple moving average is C$10.05 and its 200-day simple moving average is C$10.62. The firm has a market capitalization of C$1.77 billion, a PE ratio of 16.20, a P/E/G ratio of -3.58 and a beta of -0.42. Advantage Energy has a 12 month low of C$9.19 and a 12 month high of C$13.20. The company has a debt-to-equity ratio of 48.61, a current ratio of 0.38 and a quick ratio of 0.72.

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

Insider Activity

In other news, Director John Festival purchased 50,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average cost of C$9.60 per share, for a total transaction of C$480,000.00. Following the completion of the acquisition, the director directly owned 300,000 shares in the company, valued at C$2,880,000. This represents a 20.00% increase in their position. Also, Director Donald M. Clague purchased 5,000 shares of the stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of C$9.92 per share, with a total value of C$49,600.00. Following the completion of the acquisition, the director owned 90,000 shares of the company’s stock, valued at approximately C$892,800. This represents a 5.88% increase in their ownership of the stock. Over the last quarter, insiders bought 71,195 shares of company stock worth $684,488. Company insiders own 1.55% of the company’s stock.

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.