Insider Buying: Advantage Energy (TSE:AAV) Director Purchases 5,000 Shares of Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director Donald Clague bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of C$9.92 per share, for a total transaction of C$49,600.00. Following the completion of the purchase, the director owned 90,000 shares in the company, valued at C$892,800. This trade represents a 5.88% increase in their ownership of the stock.

Advantage Energy Stock Up 1.1%

AAV traded up C$0.11 during trading hours on Monday, hitting C$10.05. 579,831 shares of the company’s stock were exchanged, compared to its average volume of 964,222. Advantage Energy Ltd. has a 12-month low of C$9.19 and a 12-month high of C$13.20. The firm has a 50 day moving average of C$10.54 and a 200 day moving average of C$11.16. The firm has a market cap of C$1.69 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of -3.58 and a beta of -0.23. The company has a current ratio of 0.38, a quick ratio of 0.72 and a debt-to-equity ratio of 48.61.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its earnings results on Thursday, March 5th. The company reported C$0.06 earnings per share for the quarter. Advantage Energy had a net margin of 16.83% and a return on equity of 6.59%. The firm had revenue of C$169.03 million for the quarter. Analysts predict that Advantage Energy Ltd. will post 1.4701493 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AAV shares. National Bank Financial raised shares of Advantage Energy from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$14.00 to C$15.00 in a research note on Friday, February 13th. BMO Capital Markets downgraded shares of Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 target price on the stock. in a research note on Tuesday, April 7th. Finally, ATB Cormark Capital Markets downgraded shares of Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and dropped their price objective for the company from C$15.00 to C$14.00 in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.17.

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.