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

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$13.42.

AAV has been the subject of several recent research reports. Scotiabank boosted their price target on shares of Advantage Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, June 19th. BMO Capital Markets reissued an “outperform” rating and issued a C$13.00 price objective on shares of Advantage Energy in a research note on Monday, April 8th. ATB Capital increased their target price on Advantage Energy from C$13.00 to C$13.50 and gave the company an “outperform” rating in a research report on Wednesday, June 19th. National Bankshares lifted their price target on Advantage Energy from C$12.50 to C$13.00 and gave the company an “outperform” rating in a report on Wednesday, June 19th. Finally, CIBC raised their price objective on Advantage Energy from C$11.00 to C$12.00 and gave the company a “neutral” rating in a research report on Wednesday, June 19th.

Advantage Energy Stock Down 1.0 %

Shares of TSE:AAV opened at C$10.33 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 25.01. The business’s 50 day moving average is C$10.88 and its 200 day moving average is C$9.86. The stock has a market cap of C$1.66 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of -3.58 and a beta of 1.61. Advantage Energy has a 52-week low of C$8.02 and a 52-week high of C$11.73.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings results on Thursday, April 25th. The company reported C$0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.03. The business had revenue of C$139.38 million for the quarter, compared to the consensus estimate of C$132.00 million. Advantage Energy had a return on equity of 6.06% and a net margin of 18.74%. Sell-side analysts predict that Advantage Energy will post 0.5729702 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Geoffrey Keyser purchased 3,000 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was acquired at an average price of C$10.15 per share, with a total value of C$30,450.00. In other news, Senior Officer Geoffrey Keyser acquired 3,000 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were acquired at an average cost of C$10.15 per share, with a total value of C$30,450.00. Also, Director Donald M. Clague acquired 5,000 shares of Advantage Energy stock in a transaction dated Thursday, June 13th. The stock was purchased at an average price of C$10.58 per share, with a total value of C$52,900.00. Insiders purchased 13,000 shares of company stock worth $134,150 in the last three months. Corporate insiders own 1.53% of the company’s stock.

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.