Shares of Advantage Energy Ltd. (TSE:AAV – Get Free Report) (NYSE:AAV) have earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$14.17.
A number of analysts have recently weighed in on the stock. Scotiabank raised shares of Advantage Energy to a “strong-buy” rating in a research note on Friday, June 26th. BMO Capital Markets lowered shares of Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price objective on the stock. in a research note on Tuesday, April 7th.
View Our Latest Stock Report on Advantage Energy
Advantage Energy Price Performance
Advantage Energy (TSE:AAV – Get Free Report) (NYSE:AAV) last announced its earnings results on Thursday, July 30th. The company reported C$0.27 earnings per share (EPS) for the quarter. The firm had revenue of C$178.76 million during the quarter. Advantage Energy had a net margin of 16.83% and a return on equity of 6.59%. Equities analysts expect that Advantage Energy will post 1.4701493 EPS for the current year.
Insider Transactions at Advantage Energy
In other news, insider Darren Tisdale acquired 4,100 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average price of C$9.60 per share, for a total transaction of C$39,360.00. Following the completion of the acquisition, the insider directly owned 217,782 shares in the company, valued at C$2,090,707.20. This represents a 1.92% increase in their position. Also, Director John Festival bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average cost of C$9.60 per share, with a total value of C$480,000.00. Following the purchase, 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. Insiders have purchased a total of 71,195 shares of company stock valued at $684,488 in the last quarter. Company insiders own 1.55% of the company’s stock.
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.
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