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

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$13.85.

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

Insiders Place Their Bets

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

Advantage Energy Price Performance

AAV stock opened at C$10.43 on Friday. Advantage Energy has a 52-week low of C$8.27 and a 52-week high of C$11.73. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40. The stock has a market cap of C$1.73 billion, a price-to-earnings ratio of 37.98, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The business has a fifty day moving average of C$9.66 and a two-hundred day moving average of 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.