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

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$13.21.

Several brokerages have weighed in on AAV. Cormark upgraded shares of Advantage Energy to a “moderate buy” rating in a research note on Monday, September 23rd. National Bankshares cut their price target on Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. BMO Capital Markets reduced their price target on Advantage Energy from C$13.00 to C$12.00 in a research report on Friday, October 4th. National Bank Financial cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, TD Securities reissued a “buy” rating and set a C$13.00 target price on shares of Advantage Energy in a report on Wednesday, October 9th.

Insider Activity at Advantage Energy

In other Advantage Energy news, Director David Glenson Smith bought 20,000 shares of Advantage Energy stock in a transaction on Wednesday, November 6th. The shares were purchased at an average cost of C$8.81 per share, with a total value of C$176,160.00. Also, Senior Officer Darren Tisdale purchased 3,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was acquired at an average price of C$8.85 per share, with a total value of C$26,550.00. In the last three months, insiders have purchased 54,047 shares of company stock valued at $476,272. 1.55% of the stock is owned by insiders.

Advantage Energy Stock Performance

Shares of AAV stock opened at C$10.13 on Tuesday. Advantage Energy has a 52 week low of C$8.24 and a 52 week high of C$11.73. The company has a market capitalization of C$1.69 billion, a price-to-earnings ratio of 21.55, a PEG ratio of -3.58 and a beta of 1.46. The company has a 50-day simple moving average of C$9.00 and a 200 day simple moving average of C$9.44. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings data on Thursday, October 24th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). The firm had revenue of C$144.86 million for the quarter, compared to the consensus estimate of C$161.10 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. On average, sell-side analysts predict that Advantage Energy will post 1.4701493 earnings per share for the current year.

About Advantage Energy

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.