Advantage Energy Ltd. (TSE:AAV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$14.17.

Separately, BMO Capital Markets lowered 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.

Advantage Energy Stock Performance

AAV opened at C$10.15 on Monday. Advantage Energy has a 52 week low of C$9.19 and a 52 week high of C$13.20. The business has a fifty day simple moving average of C$9.97 and a 200-day simple moving average of C$10.68. The firm has a market cap of C$1.70 billion, a P/E ratio of 15.62, a P/E/G ratio of -3.58 and a beta of -0.42. 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 quarterly earnings results on Thursday, March 5th. The company reported C$0.06 EPS 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. On average, equities analysts expect that Advantage Energy will post 1.4701493 earnings per share for the current year.

Insider Transactions at Advantage Energy

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 transaction, the director directly owned 300,000 shares in the company, valued at approximately C$2,880,000. This represents a 20.00% increase in their position. Also, 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. In the last ninety days, insiders have acquired 71,195 shares of company stock valued at $684,488. Corporate insiders own 1.55% of the company’s stock.

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.