Advantage Energy (TSE:AAV) Insider Purchases C$95,500.00 in Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) insider Donald Craig Blackwood bought 10,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average price of C$9.55 per share, for a total transaction of C$95,500.00. Following the purchase, the insider 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 position.

Advantage Energy Stock Up 0.1%

AAV stock opened at C$9.83 on Friday. Advantage Energy Ltd. has a 1-year low of C$9.19 and a 1-year high of C$13.20. The business has a fifty day moving average price of C$9.98 and a 200-day moving average price of C$10.78. The company has a debt-to-equity ratio of 48.61, a current ratio of 0.38 and a quick ratio of 0.72. The stock has a market capitalization of C$1.65 billion, a P/E ratio of 15.12, a P/E/G ratio of -3.58 and a beta of -0.42.

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

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lowered Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price objective for the company. in a research note on Tuesday, April 7th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Advantage Energy presently 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.