Advantage Energy Ltd. (TSE:AAV) Director Acquires C$18,021.99 in Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director Janine Marie Mcardle acquired 2,047 shares of Advantage Energy stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of C$8.80 per share, with a total value of C$18,021.99.

Advantage Energy Price Performance

Shares of Advantage Energy stock traded down C$0.12 during midday trading on Friday, reaching C$8.82. The company had a trading volume of 344,408 shares, compared to its average volume of 448,621. The stock has a fifty day simple moving average of C$9.06 and a 200 day simple moving average of C$9.70. The company has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. Advantage Energy Ltd. has a 1-year low of C$8.14 and a 1-year high of C$11.73. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its 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 company had revenue of C$144.86 million for the quarter, compared to analyst estimates of C$161.10 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. As a group, equities research analysts forecast that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AAV. National Bankshares lowered their price objective on shares of Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. Cormark raised shares of Advantage Energy to a “moderate buy” rating in a research report on Monday, September 23rd. TD Securities reiterated a “buy” rating and issued a C$13.00 target price on shares of Advantage Energy in a research note on Wednesday, October 9th. BMO Capital Markets cut their target price on Advantage Energy from C$13.00 to C$12.00 in a research note on Friday, October 4th. Finally, CIBC reaffirmed a “neutral” rating and set a C$12.00 price objective on shares of Advantage Energy in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$13.21.

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.