Advantage Energy (TSE:AAV) Insider Brian Eric Bagnell Purchases 2,095 Shares

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) insider Brian Eric Bagnell acquired 2,095 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average price of C$9.56 per share, for a total transaction of C$20,028.20. Following the completion of the purchase, the insider directly owned 19,764 shares in the company, valued at C$188,943.84. This trade represents a 11.86% increase in their position.

Advantage Energy Stock Performance

Advantage Energy stock traded down C$0.01 during midday trading on Tuesday, reaching C$9.67. The stock had a trading volume of 1,089,393 shares, compared to its average volume of 971,399. Advantage Energy Ltd. has a 12 month low of C$9.19 and a 12 month high of C$13.20. The firm’s 50-day moving average price is C$10.00 and its 200 day moving average price is C$10.82. The firm has a market capitalization of C$1.62 billion, a PE ratio of 14.88, a P/E/G ratio of -3.58 and a beta of -0.42. The company has a quick ratio of 0.72, a current ratio of 0.38 and a debt-to-equity ratio of 48.61.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.06 earnings per share (EPS) for the quarter. Advantage Energy had a return on equity of 6.59% and a net margin of 16.83%.The business had revenue of C$169.03 million for the quarter. As a group, research analysts predict that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 target price for the company. in a report on Tuesday, April 7th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$14.17.

About Advantage Energy

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.