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

Shares of Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV have earned a consensus rating of "Moderate Buy" from the nine research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$13.63.

Several brokerages have weighed in on AAV. National Bank Financial raised Advantage Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, January 20th. TD Cowen reaffirmed a "buy" rating and issued a C$14.00 price objective on shares of Advantage Energy in a report on Friday, May 2nd. Desjardins lifted their price objective on Advantage Energy from C$13.50 to C$14.00 and gave the company a "buy" rating in a report on Monday, May 5th. Cormark raised Advantage Energy to a "moderate buy" rating in a report on Thursday, March 6th. Finally, Royal Bank of Canada lifted their price objective on Advantage Energy to C$11.00 and gave the company a "hold" rating in a report on Wednesday, April 9th.

Advantage Energy Stock Performance

TSE:AAV traded down C$0.08 during mid-day trading on Monday, hitting C$10.39. 95,054 shares of the stock were exchanged, compared to its average volume of 498,267. The stock has a market capitalization of C$1.72 billion, a price-to-earnings ratio of 37.84, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The firm's 50-day simple moving average is C$9.96 and its 200 day simple moving average is C$9.55. The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75. Advantage Energy has a fifty-two week low of C$7.81 and a fifty-two week high of C$11.73.

Insider Activity

In related news, Director Daniel Stuart Farb acquired 32,500 shares of Advantage Energy stock in a transaction dated Wednesday, April 9th. The shares were purchased at an average cost of C$8.36 per share, with a total value of C$271,849.50. Also, Director John Festival acquired 20,000 shares of Advantage Energy stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of C$9.18 per share, for a total transaction of C$183,600.00. Insiders acquired a total of 54,500 shares of company stock valued at $472,770 over the last three months. Corporate insiders own 1.55% of the company's stock.

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.