Advantage Energy (TSE:AAV) Director Acquires C$480,000.00 in Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director John Festival purchased 50,000 shares of Advantage Energy stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of C$9.60 per share, for a total transaction of C$480,000.00. Following the acquisition, the director directly 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 Trading Up 0.1%

Shares of AAV opened at C$9.83 on Friday. The company has a debt-to-equity ratio of 48.61, a current ratio of 0.38 and a quick ratio of 0.72. The firm has a 50 day simple moving average of C$9.98 and a 200-day simple moving average of C$10.78. Advantage Energy Ltd. has a 1-year low of C$9.19 and a 1-year high of C$13.20. The stock has a market cap of C$1.65 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of -3.58 and a beta of -0.42.

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. The firm had revenue of C$169.03 million for the quarter. Advantage Energy had a return on equity of 6.59% and a net margin of 16.83%. Equities analysts forecast that Advantage Energy Ltd. will post 1.4701493 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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