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

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating 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$14.17.

Separately, BMO Capital Markets cut Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 target price for the company. in a research note on Tuesday, April 7th.

Advantage Energy Stock Performance

TSE AAV opened at C$10.15 on Monday. The stock’s fifty day moving average is C$9.97 and its two-hundred day moving average is C$10.68. The firm has a market capitalization of C$1.70 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of -3.58 and a beta of -0.42. The company has a debt-to-equity ratio of 48.61, a quick ratio of 0.72 and a current ratio of 0.38. Advantage Energy has a fifty-two week low of C$9.19 and a fifty-two week high of C$13.20.

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

Insiders Place Their Bets

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

Advantage Energy Company Profile

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.