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

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director David Glenson Smith purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average cost of C$8.81 per share, for a total transaction of C$176,160.00.

Advantage Energy Price Performance

Shares of TSE AAV opened at C$9.06 on Friday. The stock’s 50-day simple moving average is C$9.21 and its two-hundred day simple moving average is C$9.97. Advantage Energy Ltd. has a twelve month low of C$8.02 and a twelve month high of C$11.73. The firm has a market capitalization of C$1.51 billion, a P/E ratio of 19.28, 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 data on Thursday, October 24th. The company reported C($0.04) earnings per share for the quarter, missing the consensus estimate of C$0.03 by C($0.07). Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. The company had revenue of C$144.86 million during the quarter, compared to the consensus estimate of C$161.10 million. As a group, equities analysts anticipate that Advantage Energy Ltd. will post 1.4701493 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. National Bank Financial downgraded shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. 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. TD Securities reiterated a “buy” rating and issued a C$13.00 price objective on shares of Advantage Energy in a research note on Wednesday, October 9th. National Bankshares dropped their target price on Advantage Energy from C$13.00 to C$11.50 in a research report on Friday, September 27th. Finally, CIBC reiterated a “neutral” rating and issued a C$12.00 price target on shares of Advantage Energy in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.