Insider Buying: Advantage Energy (TSE:AAV) Director Buys 5,000 Shares of Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director Donald Clague bought 5,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was purchased at an average price of C$9.92 per share, for a total transaction of C$49,600.00. Following the completion of the acquisition, the director directly owned 90,000 shares in the company, valued at C$892,800. The trade was a 5.88% increase in their ownership of the stock.

Advantage Energy Trading Up 1.1%

TSE:AAV traded up C$0.11 on Monday, hitting C$10.05. The stock had a trading volume of 579,831 shares, compared to its average volume of 964,222. The company has a quick ratio of 0.72, a current ratio of 0.38 and a debt-to-equity ratio of 48.61. The stock has a market cap of C$1.69 billion, a price-to-earnings ratio of 15.46, a PEG ratio of -3.58 and a beta of -0.23. The company has a fifty day moving average price of C$10.54 and a two-hundred day moving average price of C$11.16. Advantage Energy Ltd. has a 1-year low of C$9.19 and a 1-year high of C$13.20.

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. Advantage Energy had a net margin of 16.83% and a return on equity of 6.59%. The business had revenue of C$169.03 million for the quarter. Equities research analysts expect that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on AAV. BMO Capital Markets lowered 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. National Bank Financial upgraded shares of Advantage Energy from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$14.00 to C$15.00 in a report on Friday, February 13th. Finally, ATB Cormark Capital Markets lowered shares of Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and decreased their price objective for the stock from C$15.00 to C$14.00 in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Advantage Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$14.17.

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.