Stephen Balog Buys 5,000 Shares of Advantage Energy Ltd. (TSE:AAV) Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director Stephen Balog acquired 5,000 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were purchased at an average cost of C$8.80 per share, with a total value of C$44,000.00.

Advantage Energy Price Performance

Shares of AAV opened at C$8.75 on Friday. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76. The stock has a 50 day simple moving average of C$9.26 and a 200 day simple moving average of C$10.02. Advantage Energy Ltd. has a 52-week low of C$8.02 and a 52-week high of C$11.73. The firm has a market capitalization of C$1.46 billion, a PE ratio of 18.62, a P/E/G ratio of -3.58 and a beta of 1.46.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings data on Thursday, October 24th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of C$144.86 million during the quarter, compared to analyst estimates of C$161.10 million. Sell-side analysts predict that Advantage Energy Ltd. will post 1.4701493 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AAV. Cormark raised Advantage Energy to a “moderate buy” rating in a report on Monday, September 23rd. CIBC reaffirmed a “neutral” rating and issued a C$12.00 price target on shares of Advantage Energy in a research note on Thursday, August 29th. BMO Capital Markets lowered their price target on Advantage Energy from C$13.00 to C$12.00 in a research note on Friday, October 4th. National Bank Financial cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, National Bankshares lowered their price target on Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$13.21.

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.