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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Advantage Energy, with four buy ratings, one strong-buy rating and two hold ratings. The average 12-month price target is C$14.17, and Scotiabank recently upgraded the stock to “strong buy.”
• Company insiders have recently increased their holdings, purchasing 66,195 shares worth approximately C$634,888 over the past 90 days.
• Advantage Energy reported quarterly earnings of C$0.27 per share on revenue of C$178.76 million. Shares opened at C$10.57, compared with a 52-week range of C$9.19 to C$13.20.

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV has been given a consensus recommendation of "Moderate Buy" by the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report 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 note on Friday, June 26th.

Insiders Place Their Bets

In related news, insider Donald Craig Blackwood bought 10,000 shares of the company's stock in a transaction on Tuesday, June 16th. The shares were acquired at an average cost 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. The trade was a 0.91% increase in their position. Also, insider Darren Tisdale acquired 4,100 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average cost of C$9.60 per share, for a total transaction of C$39,360.00. Following the completion of the transaction, the insider directly owned 217,782 shares in the company, valued at C$2,090,707.20. The trade was a 1.92% increase in their position. Over the last 90 days, insiders bought 66,195 shares of company stock worth $634,888. 1.55% of the stock is owned by corporate insiders.

Advantage Energy Stock Performance

Shares of AAV stock opened at C$10.57 on Friday. The firm has a market capitalization of C$1.77 billion, a price-to-earnings ratio of 21.57, a PEG ratio of -3.58 and a beta of -0.52. The stock has a fifty day moving average of C$10.89 and a 200 day moving average of C$10.52. Advantage Energy has a 52 week low of C$9.19 and a 52 week high of C$13.20. The company has a quick ratio of 0.72, a current ratio of 0.34 and a debt-to-equity ratio of 55.11.

Advantage Energy (TSE:AAV - Get Free Report) NYSE: AAV last issued 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%. As a group, research analysts expect that Advantage Energy will post 1.4701493 earnings per share for the current year.

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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