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

Key Points

• Analysts give Advantage Energy a “Moderate Buy” consensus: Four of seven analysts recommend buying the stock, one rates it a strong buy and two recommend holding. The average 12-month price target is C$14.17, above the reported C$11.08 opening price.
• Advantage Energy reported quarterly EPS of C$0.27 and revenue of C$178.76 million, with a 12.02% net margin and 4.91% return on equity.
• Insiders have been buying shares: Executives and directors purchased 66,195 shares worth approximately C$634,888 over the past three months, while insiders collectively own 1.55% of the company.

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV has been given an average rating of "Moderate Buy" by the seven brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage 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 research report on Friday, June 26th.

Advantage Energy Stock Up 0.2%

Shares of AAV opened at C$11.08 on Tuesday. The stock has a market capitalization of C$1.86 billion, a PE ratio of 22.61, a P/E/G ratio of -3.58 and a beta of -0.53. Advantage Energy has a 1 year low of C$9.19 and a 1 year high of C$13.20. 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 company's 50-day simple moving average is C$10.53 and its 200-day simple moving average is C$10.50.

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

Insider Activity

In related news, Director John Festival acquired 50,000 shares of Advantage Energy stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average cost of C$9.60 per share, for a total transaction of C$480,000.00. Following the completion of the purchase, the director owned 300,000 shares in the company, valued at approximately C$2,880,000. The trade was a 20.00% increase in their ownership of the stock. Also, insider Donald Craig Blackwood bought 10,000 shares of the firm's stock in a transaction that occurred on 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 acquisition, the insider owned 1,109,248 shares of the company's stock, valued at C$10,593,318.40. This trade represents a 0.91% increase in their position. Over the last three months, insiders have purchased 66,195 shares of company stock worth $634,888. Corporate 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.

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