Advantage Energy (TSE:AAV) Insider Donald Craig Blackwood Purchases 10,000 Shares

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) insider Donald Craig Blackwood purchased 10,000 shares of Advantage Energy stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of C$9.55 per share, for a total transaction of C$95,500.00. Following the acquisition, the insider directly owned 1,109,248 shares of the company’s stock, valued at approximately C$10,593,318.40. This represents a 0.91% increase in their ownership of the stock.

Advantage Energy Trading Down 0.1%

Shares of Advantage Energy stock traded down C$0.01 during trading hours on Tuesday, reaching C$9.67. 707,175 shares of the company’s stock were exchanged, compared to its average volume of 967,560. Advantage Energy Ltd. has a 52-week low of C$9.19 and a 52-week high of C$13.20. The firm has a market capitalization of C$1.62 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of -3.58 and a beta of -0.42. The company has a fifty day moving average of C$10.01 and a 200-day moving average of C$10.83. The company has a current ratio of 0.38, a quick ratio of 0.72 and a debt-to-equity ratio of 48.61.

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

Analyst Upgrades and Downgrades

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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.