Insider Buying: Advantage Energy Ltd. (TSE:AAV) Director Purchases C$52,900.00 in Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director Donald M. Clague acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average cost of C$10.58 per share, with a total value of C$52,900.00.

Advantage Energy Stock Performance

TSE AAV opened at C$10.22 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 25.01. Advantage Energy Ltd. has a twelve month low of C$7.29 and a twelve month high of C$11.73. The business has a 50-day moving average price of C$10.87 and a 200-day moving average price of C$9.78. The firm has a market cap of C$1.65 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of -3.58 and a beta of 1.61.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings results on Thursday, April 25th. The company reported C$0.14 earnings per share for the quarter, topping the consensus estimate of C$0.11 by C$0.03. Advantage Energy had a return on equity of 6.06% and a net margin of 18.74%. The business had revenue of C$139.38 million during the quarter, compared to the consensus estimate of C$132.00 million. As a group, equities research analysts predict that Advantage Energy Ltd. will post 0.5729702 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AAV. National Bankshares boosted their price target on Advantage Energy from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research note on Friday, April 19th. BMO Capital Markets restated an “outperform” rating and set a C$13.00 target price on shares of Advantage Energy in a research report on Monday, April 8th. Scotiabank increased their price target on shares of Advantage Energy from C$16.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 5th. TD Securities reissued a “buy” rating and set a C$14.00 price objective on shares of Advantage Energy in a research report on Friday, April 26th. Finally, Desjardins raised their target price on Advantage Energy from C$13.00 to C$13.50 and gave the stock a “buy” rating in a report on Monday, April 29th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$12.73.

Advantage Energy Company Profile

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.