Insider Buying: Advantage Energy Ltd. (TSE:AAV) Director Purchases 20,000 Shares of Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director John Festival purchased 20,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was acquired at an average price of C$8.94 per share, with a total value of C$178,800.00.

John Festival also recently made the following trade(s):

• On Monday, July 29th, John Festival purchased 20,000 shares of Advantage Energy stock. The stock was bought at an average price of C$9.58 per share, for a total transaction of C$191,600.00.

Advantage Energy Trading Up 4.0 %

Shares of AAV stock traded up C$0.35 on Friday, reaching C$9.19. 102,543 shares of the company’s stock were exchanged, compared to its average volume of 435,912. The company’s fifty day simple moving average is C$9.45 and its 200 day simple moving average is C$10.14. Advantage Energy Ltd. has a 52 week low of C$8.02 and a 52 week high of C$11.73. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86. The stock has a market capitalization of C$1.53 billion, a PE ratio of 19.23, a P/E/G ratio of -3.58 and a beta of 1.48.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its earnings results on Thursday, July 25th. The company reported C($0.07) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.04). The business had revenue of C$100.66 million for the quarter, compared to the consensus estimate of C$108.50 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. As a group, analysts forecast that Advantage Energy Ltd. will post 1.4695513 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AAV shares. CIBC restated a “neutral” rating and set a C$12.00 price objective on shares of Advantage Energy in a research report on Thursday, August 29th. TD Securities reaffirmed a “buy” rating and issued a C$14.00 price objective on shares of Advantage Energy in a research note on Friday, July 26th. Cormark upgraded Advantage Energy to a “moderate buy” rating in a research report on Monday. Scotiabank boosted their price target on shares of Advantage Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 19th. Finally, Royal Bank of Canada increased their price objective on shares of Advantage Energy from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 19th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$13.68.

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.