Advantage Energy (TSE:AAV) Director John Festival Acquires 50,000 Shares

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director John Festival bought 50,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were purchased at an average cost of C$9.60 per share, with a total value of C$480,000.00. Following the acquisition, the director directly owned 300,000 shares of the company’s stock, valued at approximately C$2,880,000. This represents a 20.00% increase in their position.

Advantage Energy Stock Down 0.1%

AAV opened at C$9.67 on Wednesday. Advantage Energy Ltd. has a fifty-two week low of C$9.19 and a fifty-two week high of C$13.20. The company has a debt-to-equity ratio of 48.61, a quick ratio of 0.72 and a current ratio of 0.38. The company has a market capitalization of C$1.62 billion, a P/E ratio of 14.88, a P/E/G ratio of -3.58 and a beta of -0.42. The stock has a fifty day moving average of C$10.00 and a 200-day moving average of C$10.82.

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

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets downgraded Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 target price for the company. in a report on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$14.17.

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.