Advantage Energy Ltd. (TSE:AAV) Director Buys C$176,000.00 in Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director John Festival acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average price of C$8.80 per share, with a total value of C$176,000.00.

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

• On Friday, September 27th, John Festival purchased 20,000 shares of Advantage Energy stock. The stock was bought at an average cost of C$8.94 per share, with a total value of C$178,800.00.

Advantage Energy Stock Up 1.2 %

TSE AAV opened at C$9.01 on Wednesday. Advantage Energy Ltd. has a twelve month low of C$8.02 and a twelve month 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 stock has a market cap of C$1.50 billion, a PE ratio of 19.17, a PEG ratio of -3.58 and a beta of 1.46. The firm has a 50-day simple moving average of C$9.32 and a 200 day simple moving average of C$10.04.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings data 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 firm had revenue of C$144.86 million for the quarter, compared to analyst estimates of C$161.10 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. On average, research analysts forecast that Advantage Energy Ltd. will post 1.4701493 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. BMO Capital Markets cut their price objective on Advantage Energy from C$13.00 to C$12.00 in a research note on Friday, October 4th. CIBC restated a “neutral” rating and issued a C$12.00 price objective on shares of Advantage Energy in a research note on Thursday, August 29th. Cormark upgraded shares of Advantage Energy to a “moderate buy” rating in a research note on Monday, September 23rd. National Bank Financial downgraded shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, National Bankshares lowered their price target on Advantage Energy from C$13.00 to C$11.50 in a research report on Friday, September 27th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$13.21.

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.