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

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has earned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$13.21.

A number of research analysts have recently commented on the company. CIBC reaffirmed a “neutral” rating and set a C$12.00 target price on shares of Advantage Energy in a research note on Thursday, August 29th. National Bankshares lowered their target price on Advantage Energy from C$13.00 to C$11.50 in a report on Friday, September 27th. BMO Capital Markets reduced their price objective on shares of Advantage Energy from C$13.00 to C$12.00 in a research note on Friday, October 4th. National Bank Financial downgraded shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, TD Securities restated a “buy” rating and set a C$13.00 price target on shares of Advantage Energy in a research note on Wednesday, October 9th.

Advantage Energy Stock Down 0.8 %

TSE:AAV opened at C$8.94 on Friday. The firm has a market cap of C$1.49 billion, a P/E ratio of 19.02, a P/E/G ratio of -3.58 and a beta of 1.46. Advantage Energy has a fifty-two week low of C$8.02 and a fifty-two week high of C$11.73. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76. The firm has a 50-day simple moving average of C$9.07 and a two-hundred day simple moving average of C$9.71.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its earnings results on Thursday, October 24th. The company reported C($0.04) earnings per share for the quarter, missing the consensus estimate of C$0.03 by C($0.07). The company had revenue of C$144.86 million for the quarter, compared to analysts’ expectations of C$161.10 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. Analysts predict that Advantage Energy will post 1.4701493 earnings per share for the current fiscal year.

Insider Buying and Selling at Advantage Energy

In other news, Director John Festival bought 20,000 shares of Advantage Energy stock in a transaction dated Friday, September 27th. The stock was acquired at an average cost of C$8.94 per share, with a total value of C$178,800.00. Also, Director Stephen Balog purchased 5,000 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were purchased at an average cost of C$8.80 per share, for a total transaction of C$44,000.00. Insiders have purchased 72,000 shares of company stock worth $637,050 over the last three months. Insiders own 1.55% of the company’s stock.

Advantage Energy Company Profile

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.