Advantage Energy Ltd. (TSE:AAV – Get Free Report) (NYSE:AAV) was down 5.2% on Friday . The stock traded as low as C$8.90 and last traded at C$9.29. Approximately 92,379 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 427,663 shares. The stock had previously closed at C$9.80.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on AAV shares. ATB Capital increased their price objective on shares of Advantage Energy from C$13.50 to C$14.00 in a report on Wednesday, July 10th. National Bankshares increased their price objective on shares of Advantage Energy from C$12.50 to C$13.00 and gave the company an “outperform” rating in a report on Wednesday, June 19th. Desjardins increased their price objective on shares of Advantage Energy from C$13.00 to C$13.50 and gave the company a “buy” rating in a report on Monday, April 29th. Royal Bank of Canada upped their target price on shares of Advantage Energy from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 19th. Finally, TD Securities reaffirmed a “buy” rating and issued a C$14.00 target price on shares of Advantage Energy in a research note on Friday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$13.68.
View Our Latest Analysis on AAV
Advantage Energy Price Performance
The company’s 50-day moving average price is C$10.59 and its 200-day moving average price is C$10.11. The company has a debt-to-equity ratio of 25.01, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of C$1.57 billion, a P/E ratio of 17.45, a P/E/G ratio of -3.58 and a beta of 1.61.
Advantage Energy (TSE:AAV – Get Free Report) (NYSE:AAV) last issued its quarterly earnings data on Thursday, April 25th. The company reported C$0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.11 by C$0.03. Advantage Energy had a net margin of 18.74% and a return on equity of 6.06%. The company had revenue of C$139.38 million during the quarter, compared to the consensus estimate of C$132.00 million. As a group, sell-side analysts predict that Advantage Energy Ltd. will post 0.5729702 earnings per share for the current fiscal year.
Insider Transactions at Advantage Energy
In related news, Senior Officer Geoffrey Keyser acquired 3,000 shares of the stock in a transaction dated Monday, June 17th. The stock was bought at an average price of C$10.15 per share, with a total value of C$30,450.00. In other Advantage Energy news, Senior Officer Geoffrey Keyser bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was acquired at an average price of C$10.15 per share, with a total value of C$30,450.00. Also, Director Donald M. Clague bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average cost of C$10.58 per share, with a total value of C$52,900.00. Insiders purchased 37,000 shares of company stock valued at $372,069 over the last quarter. Corporate insiders own 1.53% of the company’s stock.
About Advantage Energy
Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.
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