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

Shares of Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV have received an average recommendation of "Moderate Buy" from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$13.63.

A number of brokerages have recently issued reports on AAV. National Bankshares upgraded shares of Advantage Energy from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from C$11.50 to C$15.00 in a research note on Thursday, January 30th. CIBC raised their price target on Advantage Energy from C$11.50 to C$12.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Raymond James lowered their price target on shares of Advantage Energy from C$12.00 to C$11.00 in a research note on Wednesday, April 9th. TD Cowen reaffirmed a "buy" rating and set a C$14.00 price target on shares of Advantage Energy in a research note on Friday, May 2nd. Finally, Desjardins upped their price target on shares of Advantage Energy from C$13.50 to C$14.00 and gave the stock a "buy" rating in a research note on Monday, May 5th.

Insider Activity at Advantage Energy

In other news, Director Daniel Stuart Farb bought 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, April 9th. The shares were purchased 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 the company's stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of C$9.18 per share, with a total value of C$183,600.00. In the last quarter, insiders bought 54,500 shares of company stock valued at $472,770. 1.55% of the stock is owned by insiders.

Advantage Energy Stock Performance

AAV traded up C$0.08 during trading on Monday, hitting C$10.79. The stock had a trading volume of 395,728 shares, compared to its average volume of 500,557. Advantage Energy has a twelve month low of C$7.81 and a twelve month high of C$11.73. The firm has a market capitalization of C$1.79 billion, a P/E ratio of 39.29, a PEG ratio of -3.58 and a beta of 1.46. The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75. The company's 50-day moving average price is C$9.91 and its 200 day moving average price is C$9.53.

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.