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

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the firm, MarketBeat reports. Two 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 analysts that have covered the stock in the last year is C$13.85.

A number of analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Advantage Energy from C$12.00 to C$13.00 in a research note on Tuesday, January 14th. Cormark upgraded Advantage Energy to a “moderate buy” rating in a research note on Thursday, March 6th. National Bankshares raised Advantage Energy from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$11.50 to C$15.00 in a report on Thursday, January 30th. National Bank Financial raised Advantage Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, January 20th. Finally, CIBC upped their price objective on Advantage Energy from C$11.00 to C$11.50 in a research report on Friday, January 17th.

Insider Activity at Advantage Energy

In other news, Senior Officer Geoffrey Keyser acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of C$9.10 per share, for a total transaction of C$27,300.00. Also, Director John Festival bought 20,000 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of C$9.18 per share, with a total value of C$183,600.00. 1.55% of the stock is owned by corporate insiders.

Advantage Energy Price Performance

Shares of TSE:AAV opened at C$10.43 on Friday. Advantage Energy has a twelve month low of C$8.27 and a twelve month high of C$11.73. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40. The company has a market cap of C$1.73 billion, a PE ratio of 37.98, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company’s 50 day moving average is C$9.66 and its 200 day moving average is C$9.35.

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.