John Festival Acquires 50,000 Shares of Advantage Energy (TSE:AAV) Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director John Festival bought 50,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average price 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 Stock Up 1.6%

AAV stock opened at C$9.82 on Thursday. Advantage Energy Ltd. has a twelve month low of C$9.19 and a twelve month high of C$13.20. The company has a quick ratio of 0.72, a current ratio of 0.38 and a debt-to-equity ratio of 48.61. The stock’s 50 day moving average is C$9.99 and its 200-day moving average is C$10.80. The firm has a market capitalization of C$1.65 billion, a PE ratio of 15.11, a P/E/G 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 for the quarter. The company 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%. Sell-side analysts expect that Advantage Energy Ltd. will post 1.4701493 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets downgraded Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price target for the company. in a research report on Tuesday, April 7th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Advantage Energy currently has a consensus 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.