Advantage Energy (TSE:AAV) Director John Festival Buys 50,000 Shares

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director John Festival bought 50,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were bought at an average price of C$9.60 per share, with a total value of C$480,000.00. Following the completion of the transaction, the director owned 300,000 shares in the company, valued at approximately C$2,880,000. This trade represents a 20.00% increase in their position.

Advantage Energy Price Performance

TSE:AAV traded down C$0.01 during mid-day trading on Tuesday, reaching C$9.67. The stock had a trading volume of 707,175 shares, compared to its average volume of 967,560. The stock has a 50-day simple moving average of C$10.01 and a two-hundred day simple moving average of C$10.83. The stock 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 debt-to-equity ratio of 48.61, a current ratio of 0.38 and a quick ratio of 0.72. Advantage Energy Ltd. has a 12 month low of C$9.19 and a 12 month high of C$13.20.

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

Analysts Set New Price Targets

Separately, BMO Capital Markets downgraded shares of Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price target for the company. in a research note on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$14.17.

Advantage Energy Company Profile

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.