Advantage Energy Ltd. (TSE:AAV) Director David Glenson Smith Buys 20,000 Shares of Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director David Glenson Smith acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was purchased at an average price of C$8.81 per share, with a total value of C$176,160.00.

Advantage Energy Stock Up 1.8 %

Advantage Energy stock opened at C$8.82 on Thursday. The firm has a 50 day simple moving average of C$9.22 and a 200 day simple moving average of C$9.98. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86. Advantage Energy Ltd. has a 1-year low of C$8.02 and a 1-year high of C$11.73. The firm has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of -3.58 and a beta of 1.46.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its quarterly earnings data on Thursday, October 24th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. The company had revenue of C$144.86 million for the quarter, compared to the consensus estimate of C$161.10 million. On average, analysts predict that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current year.

Wall Street Analyst Weigh In

AAV has been the subject of a number of research analyst reports. National Bank Financial downgraded Advantage Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Cormark raised Advantage Energy to a “moderate buy” rating in a research report on Monday, September 23rd. National Bankshares cut their price target on shares of Advantage Energy from C$13.00 to C$11.50 in a report on Friday, September 27th. BMO Capital Markets decreased their price objective on shares of Advantage Energy from C$13.00 to C$12.00 in a report on Friday, October 4th. Finally, ATB Capital lifted their price objective on shares of Advantage Energy from C$13.50 to C$14.00 in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Advantage Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$13.21.

Advantage Energy Company Profile

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.