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

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$13.21.

Several brokerages have issued reports on AAV. CIBC restated a “neutral” rating and issued a C$12.00 target price on shares of Advantage Energy in a report on Thursday, August 29th. National Bank Financial cut shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Cormark raised shares of Advantage Energy to a “moderate buy” rating in a research note on Monday, September 23rd. National Bankshares dropped their price target on shares of Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. Finally, BMO Capital Markets decreased their price objective on Advantage Energy from C$13.00 to C$12.00 in a report on Friday, October 4th.

Advantage Energy Stock Performance

Shares of TSE AAV opened at C$8.61 on Monday. The company has a market capitalization of C$1.44 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. 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 company’s fifty day moving average price is C$9.13 and its 200 day moving average price is C$9.92. Advantage Energy has a 1 year low of C$8.02 and a 1 year high of C$11.73.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings data 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). Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. The firm had revenue of C$144.86 million for the quarter, compared to analysts’ expectations of C$161.10 million. On average, research analysts predict that Advantage Energy will post 1.4701493 earnings per share for the current year.

Insider Activity at Advantage Energy

In related news, Director John Festival bought 20,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average cost of C$8.80 per share, with a total value of C$176,000.00. Also, Senior Officer Geoffrey Keyser acquired 4,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was bought at an average price of C$8.89 per share, with a total value of C$35,540.00. Insiders bought 69,000 shares of company stock worth $610,500 in the last three months. 1.55% of the stock is owned by company insiders.

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.