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

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

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

Insider Activity at Advantage Energy

In other news, Senior Officer Geoffrey Keyser bought 3,000 shares of the stock in a transaction dated 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 bought 20,000 shares of the business’s stock in a transaction that occurred on 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. 1.55% of the stock is owned by corporate insiders.

Advantage Energy Stock Up 0.7 %

AAV stock opened at C$10.71 on Friday. The firm has a 50-day moving average price of C$9.72 and a 200-day moving average price of C$9.39. Advantage Energy has a 12 month low of C$8.27 and a 12 month high of C$11.73. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40. The stock has a market capitalization of C$1.78 billion, a P/E ratio of 39.00, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46.

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.