Insider Buying: Advantage Energy Ltd. (TSE:AAV) Director Acquires C$178,800.00 in Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director John Festival purchased 20,000 shares of the stock in a transaction on Friday, September 27th. The stock was acquired at an average price of C$8.94 per share, for a total transaction of C$178,800.00.

John Festival also recently made the following trade(s):

• On Monday, July 29th, John Festival acquired 20,000 shares of Advantage Energy stock. The stock was bought at an average price of C$9.58 per share, with a total value of C$191,600.00.

Advantage Energy Trading Up 4.2 %

Shares of Advantage Energy stock opened at C$9.21 on Monday. Advantage Energy Ltd. has a 52-week low of C$8.02 and a 52-week high of C$11.73. The stock has a market cap of C$1.54 billion, a PE ratio of 19.60, a PEG ratio of -3.58 and a beta of 1.48. The firm has a 50-day moving average of C$9.44 and a 200-day moving average of C$10.13. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its earnings results on Thursday, July 25th. The company reported C($0.07) EPS for the quarter, missing the consensus estimate of C($0.03) by C($0.04). The business had revenue of C$100.66 million for the quarter, compared to the consensus estimate of C$108.50 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. As a group, sell-side analysts forecast that Advantage Energy Ltd. will post 1.4695513 EPS for the current year.

Wall Street Analysts Forecast Growth

AAV has been the topic of several recent analyst reports. CIBC reaffirmed a “neutral” rating and set a C$12.00 price target on shares of Advantage Energy in a research report on Thursday, August 29th. Royal Bank of Canada upped their price target on shares of Advantage Energy from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 19th. Cormark raised shares of Advantage Energy to a “moderate buy” rating in a research report on Monday, September 23rd. TD Securities reaffirmed a “buy” rating and issued a C$14.00 target price on shares of Advantage Energy in a report on Friday, July 26th. Finally, National Bank Financial set a C$11.50 price objective on Advantage Energy in a research note on Friday. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Advantage Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$13.38.

About Advantage Energy

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.