Advantage Energy (TSE:AAV) Director John Festival Purchases 50,000 Shares

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director John Festival acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were purchased at an average price of C$9.60 per share, with a total value of C$480,000.00. Following the acquisition, the director owned 300,000 shares of the company’s stock, valued at approximately C$2,880,000. This represents a 20.00% increase in their ownership of the stock.

Advantage Energy Stock Down 0.1%

TSE AAV traded down C$0.01 during trading hours on Tuesday, hitting C$9.67. The company’s stock had a trading volume of 707,175 shares, compared to its average volume of 967,560. Advantage Energy Ltd. has a 52 week low of C$9.19 and a 52 week high of C$13.20. The company has a market capitalization of C$1.62 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of -3.58 and a beta of -0.42. The company has a current ratio of 0.38, a quick ratio of 0.72 and a debt-to-equity ratio of 48.61. The company’s 50-day simple moving average is C$10.01 and its two-hundred day simple moving average is C$10.83.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its earnings results on Thursday, March 5th. The company reported C$0.06 earnings per share (EPS) for the quarter. Advantage Energy had a net margin of 16.83% and a return on equity of 6.59%. The firm had revenue of C$169.03 million during the quarter. Research analysts anticipate that Advantage Energy Ltd. will post 1.4701493 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price target on the stock. in a report on Tuesday, April 7th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Advantage Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$14.17.

Advantage Energy Company Profile

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.