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

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$13.38.

Several brokerages recently commented on AAV. Royal Bank of Canada boosted their price target on shares of Advantage Energy from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 19th. CIBC reiterated a “neutral” rating and issued a C$12.00 price objective on shares of Advantage Energy in a report on Thursday, August 29th. National Bankshares reduced their target price on Advantage Energy from C$13.00 to C$11.50 in a report on Friday. Cormark upgraded Advantage Energy to a “moderate buy” rating in a research report on Monday, September 23rd. Finally, ATB Capital raised their price objective on Advantage Energy from C$13.50 to C$14.00 in a report on Wednesday, July 10th.

Insider Transactions at Advantage Energy

In other news, Director John Festival bought 20,000 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were bought at an average cost of C$8.94 per share, for a total transaction of C$178,800.00. In other Advantage Energy news, Director Jill Terilee Angevine purchased 24,000 shares of the stock in a transaction dated Wednesday, July 10th. The stock was acquired at an average cost of C$9.91 per share, for a total transaction of C$237,919.20. Also, Director John Festival acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average cost of C$8.94 per share, with a total value of C$178,800.00. Insiders have purchased a total of 69,435 shares of company stock worth $658,321 in the last quarter. Company insiders own 1.53% of the company’s stock.

Advantage Energy Trading Up 4.2 %

Shares of Advantage Energy stock opened at C$9.21 on Friday. 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 company has a market cap of C$1.54 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of -3.58 and a beta of 1.48. The firm has a 50-day simple moving average of C$9.44 and a two-hundred day simple moving average of C$10.13.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings results on Thursday, July 25th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04). The business had revenue of C$100.66 million for the quarter, compared to analysts’ expectations 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, equities analysts predict that Advantage Energy will post 1.4695513 earnings per share for the current fiscal year.

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.