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

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$13.21.

Several analysts have recently commented on the company. National Bank Financial downgraded Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Cormark upgraded Advantage Energy to a “moderate buy” rating in a research note on Monday, September 23rd. CIBC reiterated a “neutral” rating and set a C$12.00 price target on shares of Advantage Energy in a research note on Thursday, August 29th. ATB Capital lifted their price target on Advantage Energy from C$13.50 to C$14.00 in a research note on Wednesday, July 10th. Finally, BMO Capital Markets cut their price target on Advantage Energy from C$13.00 to C$12.00 in a research note on Friday, October 4th.

Advantage Energy Stock Performance

Shares of AAV opened at C$8.90 on Thursday. The company has a debt-to-equity ratio of 46.86, a current ratio of 0.76 and a quick ratio of 0.72. The stock has a 50-day moving average of C$9.33 and a 200-day moving average of C$10.05. The company has a market cap of C$1.49 billion, a PE ratio of 18.94, a P/E/G ratio of -3.58 and a beta of 1.46. Advantage Energy has a one year low of C$8.02 and a one year high of C$11.73.

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

Insider Transactions at Advantage Energy

In other Advantage Energy news, Director John Festival bought 20,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were purchased at an average price of C$8.80 per share, for a total transaction of C$176,000.00. In related news, Senior Officer Donald Craig Blackwood purchased 5,435 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of C$9.20 per share, with a total value of C$50,002.00. Also, Director John Festival purchased 20,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average cost of C$8.80 per share, for a total transaction of C$176,000.00. Insiders have acquired 49,435 shares of company stock worth $440,342 in the last 90 days. Insiders own 1.55% of the company’s stock.

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.