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

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

A number of brokerages have commented on AAV. Cormark upgraded Advantage Energy to a “moderate buy” rating in a research note on Monday, September 23rd. National Bank Financial lowered Advantage Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. National Bankshares dropped their price objective on shares of Advantage Energy from C$13.00 to C$11.50 in a report on Friday, September 27th. TD Securities reissued a “buy” rating and set a C$13.00 target price on shares of Advantage Energy in a research note on Wednesday, October 9th. Finally, BMO Capital Markets dropped their price target on shares of Advantage Energy from C$13.00 to C$12.00 in a research note on Friday, October 4th.

Insider Activity

In other news, Senior Officer Darren Tisdale bought 3,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was bought at an average cost of C$8.85 per share, for a total transaction of C$26,550.00. Also, Senior Officer Geoffrey Keyser purchased 4,000 shares of Advantage Energy stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average price of C$8.89 per share, with a total value of C$35,540.00. In the last quarter, insiders acquired 54,047 shares of company stock worth $476,272. Corporate insiders own 1.55% of the company’s stock.

Advantage Energy Stock Down 0.4 %

Shares of Advantage Energy stock opened at C$10.39 on Tuesday. The business has a 50-day moving average price of C$9.14 and a 200 day moving average price of C$9.42. Advantage Energy has a fifty-two week low of C$8.24 and a fifty-two week high of C$11.73. The firm has a market cap of C$1.73 billion, a P/E ratio of 22.11, a P/E/G ratio of -3.58 and a beta of 1.46. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 46.86.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings results on Thursday, October 24th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.07). The firm had revenue of C$144.86 million for the quarter, compared to analyst estimates of C$161.10 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. On average, sell-side analysts forecast that Advantage Energy will post 1.4701493 earnings per share for the current fiscal year.

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.