Advantage Energy Ltd. (TSE:AAV) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$14.17.

Several research firms have issued reports on AAV. BMO Capital Markets downgraded shares of Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price objective on the stock. in a report on Tuesday, April 7th. Scotiabank upgraded shares of Advantage Energy to a “strong-buy” rating in a research report on Friday, June 26th.

Insider Activity at Advantage Energy

In other news, insider Darren Tisdale acquired 4,100 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was bought at an average cost of C$9.60 per share, for a total transaction of C$39,360.00. Following the purchase, the insider owned 217,782 shares in the company, valued at approximately C$2,090,707.20. This represents a 1.92% increase in their ownership of the stock. Also, Director John Festival bought 50,000 shares of Advantage Energy stock in a transaction on Tuesday, June 16th. The shares were purchased at an average cost of C$9.60 per share, with a total value of C$480,000.00. Following the acquisition, the director directly owned 300,000 shares of the company’s stock, valued at approximately C$2,880,000. The trade was a 20.00% increase in their ownership of the stock. Over the last 90 days, insiders bought 71,195 shares of company stock valued at $684,488. 1.55% of the stock is owned by corporate insiders.

Advantage Energy Trading Up 2.1%

Shares of AAV stock opened at C$11.10 on Friday. Advantage Energy has a 1-year low of C$9.19 and a 1-year high of C$13.20. The company has a market cap of C$1.86 billion, a price-to-earnings ratio of 17.08, a PEG ratio of -3.58 and a beta of -0.52. The company has a debt-to-equity ratio of 48.61, a current ratio of 0.38 and a quick ratio of 0.72. The stock has a 50 day simple moving average of C$10.24 and a 200-day simple moving average of C$10.52.

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

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.