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

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$13.63.

A number of research firms recently weighed in on AAV. Royal Bank of Canada increased their price objective on shares of Advantage Energy to C$11.00 and gave the stock a “hold” rating in a research report on Wednesday, April 9th. Cormark upgraded Advantage Energy to a “moderate buy” rating in a research report on Thursday, March 6th. National Bank Financial raised Advantage Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 20th. CIBC boosted their price objective on Advantage Energy from C$11.50 to C$12.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Finally, Desjardins increased their target price on Advantage Energy from C$13.50 to C$14.00 and gave the stock a “buy” rating in a research note on Monday, May 5th.

Advantage Energy Trading Down 1.4%

Shares of AAV stock opened at C$10.32 on Monday. Advantage Energy has a 1-year low of C$7.81 and a 1-year high of C$11.73. The firm has a market cap of C$1.71 billion, a PE ratio of 37.58, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company has a 50-day moving average of C$9.98 and a two-hundred day moving average of C$9.56. The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72.

Insider Transactions at Advantage Energy

In related news, Director Daniel Stuart Farb bought 32,500 shares of the stock in a transaction that occurred on Wednesday, April 9th. The stock was purchased at an average cost of C$8.36 per share, with a total value of C$271,849.50. Also, Director John Festival purchased 20,000 shares of the business’s stock in a transaction on Monday, March 10th. The shares were bought at an average price of C$9.18 per share, for a total transaction of C$183,600.00. Over the last 90 days, insiders have purchased 54,500 shares of company stock valued at $472,770. 1.55% of the stock is currently owned by company insiders.

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.