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

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$14.17.

Separately, Scotiabank raised shares of Advantage Energy to a “strong-buy” rating in a report on Friday, June 26th.

Insiders Place Their Bets

In other Advantage Energy news, Director John Festival acquired 50,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average price of C$9.60 per share, with a total value of C$480,000.00. Following the transaction, the director directly owned 300,000 shares in the company, valued at approximately C$2,880,000. The trade was a 20.00% increase in their position. Also, insider Donald Craig Blackwood acquired 10,000 shares of Advantage Energy stock in a transaction dated Tuesday, June 16th. The stock was bought at an average price of C$9.55 per share, with a total value of C$95,500.00. Following the completion of the purchase, the insider directly owned 1,109,248 shares in the company, valued at C$10,593,318.40. This represents a 0.91% increase in their ownership of the stock. Over the last ninety days, insiders have acquired 66,195 shares of company stock worth $634,888. Company insiders own 1.55% of the company’s stock.

Advantage Energy Stock Down 1.7%

AAV stock opened at C$10.57 on Friday. The company has a market cap of C$1.77 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of -3.58 and a beta of -0.52. The company has a debt-to-equity ratio of 55.11, a quick ratio of 0.72 and a current ratio of 0.34. The business’s 50-day moving average is C$10.89 and its two-hundred day moving average is C$10.52. Advantage Energy has a fifty-two week low of C$9.19 and a fifty-two week high of C$13.20.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.27 earnings per share (EPS) for the quarter. Advantage Energy had a return on equity of 4.91% and a net margin of 12.02%.The business had revenue of C$178.76 million during the quarter. As a group, analysts forecast that Advantage Energy will post 1.4701493 earnings per share for the current year.

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.