Advantage Energy (TSE:AAV) Insider Buys C$20,028.20 in Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) insider Brian Eric Bagnell purchased 2,095 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of C$9.56 per share, with a total value of C$20,028.20. Following the transaction, the insider directly owned 19,764 shares in the company, valued at C$188,943.84. This trade represents a 11.86% increase in their ownership of the stock.

Advantage Energy Stock Performance

TSE:AAV opened at C$9.83 on Friday. Advantage Energy Ltd. has a 52 week low of C$9.19 and a 52 week high of C$13.20. The company has a fifty day simple moving average of C$9.98 and a two-hundred day simple moving average of C$10.78. The company has a quick ratio of 0.72, a current ratio of 0.38 and a debt-to-equity ratio of 48.61. The company has a market cap of C$1.65 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of -3.58 and a beta of -0.42.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.06 earnings per share (EPS) 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, equities analysts anticipate that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Advantage Energy Company Profile

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.