Insider Buying: Advantage Energy Ltd. (TSE:AAV) Director Buys 20,000 Shares of Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director John Festival acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average cost of C$8.94 per share, with a total value of C$178,800.00.

John Festival also recently made the following trade(s):

• On Monday, July 29th, John Festival purchased 20,000 shares of Advantage Energy stock. The shares were bought at an average price of C$9.58 per share, for a total transaction of C$191,600.00.

Advantage Energy Stock Up 4.2 %

AAV stock opened at C$9.21 on Friday. The firm’s fifty day moving average is C$9.44 and its 200 day moving average is C$10.13. The firm has a market cap of C$1.54 billion, a PE ratio of 19.60, a P/E/G ratio of -3.58 and a beta of 1.48. Advantage Energy Ltd. has a one year low of C$8.02 and a one year high of C$11.73. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its quarterly earnings results on Thursday, July 25th. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04). Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. The business had revenue of C$100.66 million during the quarter, compared to analyst estimates of C$108.50 million. On average, research analysts forecast that Advantage Energy Ltd. will post 1.4695513 EPS for the current year.

Analysts Set New Price Targets

AAV has been the topic of a number of research analyst reports. National Bank Financial set a C$11.50 price objective on shares of Advantage Energy in a report on Friday. Cormark raised Advantage Energy to a “moderate buy” rating in a report on Monday, September 23rd. Scotiabank lifted their target price on Advantage Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, June 19th. ATB Capital increased their price target on shares of Advantage Energy from C$13.50 to C$14.00 in a report on Wednesday, July 10th. Finally, Royal Bank of Canada lifted their price objective on shares of Advantage Energy from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 19th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$13.38.

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.