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

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV has been assigned an average rating of "Moderate Buy" from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$13.50.

Several equities analysts recently issued reports on the company. BMO Capital Markets boosted their price target on Advantage Energy from C$12.00 to C$13.00 in a research note on Tuesday, January 14th. National Bank Financial upgraded shares of Advantage Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 20th. CIBC increased their price objective on shares of Advantage Energy from C$11.00 to C$11.50 in a research note on Friday, January 17th. Cormark upgraded shares of Advantage Energy to a "moderate buy" rating in a research note on Thursday, March 6th. Finally, Raymond James decreased their target price on Advantage Energy from C$12.00 to C$11.00 in a report on Wednesday, April 9th.

Advantage Energy Stock Performance

TSE AAV traded down C$0.13 during midday trading on Thursday, hitting C$9.85. The company had a trading volume of 278,407 shares, compared to its average volume of 517,696. The firm has a fifty day simple moving average of C$9.71 and a two-hundred day simple moving average of C$9.43. Advantage Energy has a fifty-two week low of C$7.81 and a fifty-two week high of C$11.73. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40. The stock has a market cap of C$1.63 billion, a price-to-earnings ratio of 35.87, a P/E/G ratio of -3.58 and a beta of 1.46.

Insider Buying and Selling at Advantage Energy

In related news, Director Daniel Stuart Farb acquired 32,500 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The stock was acquired at an average price of C$8.36 per share, for a total transaction of C$271,849.50. Also, Director John Festival bought 20,000 shares of Advantage Energy stock in a transaction on Monday, March 10th. The shares were bought at an average price of C$9.18 per share, for a total transaction of C$183,600.00. In the last three months, insiders have acquired 57,500 shares of company stock worth $500,070. Company insiders own 1.55% of the company's stock.

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.