Advantage Energy Ltd. (TSE:AAV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$14.17.

Separately, Scotiabank raised shares of Advantage Energy to a “strong-buy” rating in a research report on Friday, June 26th.

Advantage Energy Stock Up 0.2%

Shares of Advantage Energy stock opened at C$11.08 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.34 and a debt-to-equity ratio of 55.11. Advantage Energy 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$1.86 billion, a P/E ratio of 22.61, a P/E/G ratio of -3.58 and a beta of -0.53. The company has a 50 day moving average of C$10.53 and a 200 day moving average of C$10.50.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.27 EPS for the quarter. Advantage Energy had a net margin of 12.02% and a return on equity of 4.91%. The company had revenue of C$178.76 million for the quarter. As a group, research analysts forecast that Advantage Energy will post 1.4701493 EPS for the current fiscal year.

Insider Buying and Selling at Advantage Energy

In other Advantage Energy news, insider Donald Craig Blackwood purchased 10,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were bought at an average cost of C$9.55 per share, for a total transaction of C$95,500.00. Following the completion of the purchase, the insider directly owned 1,109,248 shares in the company, valued at approximately C$10,593,318.40. This represents a 0.91% increase in their ownership of the stock. Also, Director John Festival purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were acquired at an average cost of C$9.60 per share, with a total value of C$480,000.00. Following the completion of the acquisition, the director directly owned 300,000 shares in the company, valued at C$2,880,000. The trade was a 20.00% increase in their ownership of the stock. Insiders have acquired a total of 66,195 shares of company stock worth $634,888 over the last ninety days. Corporate insiders own 1.55% of the company’s stock.

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.