Advantage Energy Ltd. (TSE:AAV) Director John Festival Purchases 20,000 Shares

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Director John Festival acquired 20,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were bought at an average price of C$8.94 per share, for a total transaction of C$178,800.00.

John Festival also recently made the following trade(s):

• On Monday, July 29th, John Festival acquired 20,000 shares of Advantage Energy stock. The shares were bought at an average price of C$9.58 per share, for a total transaction of C$191,600.00.

Advantage Energy Stock Performance

Shares of AAV stock opened at C$9.21 on Monday. The company has a market capitalization of C$1.54 billion, a P/E ratio of 19.60, a PEG ratio of -3.58 and a beta of 1.48. Advantage Energy Ltd. has a fifty-two week low of C$8.02 and a fifty-two week high of C$11.73. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76. The stock has a 50 day moving average price of C$9.44 and a two-hundred day moving average price of C$10.13.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings results on Thursday, July 25th. The company reported C($0.07) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.04). The firm had revenue of C$100.66 million for the quarter, compared to analysts’ expectations of C$108.50 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. Analysts expect that Advantage Energy Ltd. will post 1.4695513 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AAV shares. TD Securities reissued a “buy” rating and issued a C$14.00 target price on shares of Advantage Energy in a research report on Friday, July 26th. Scotiabank increased their price objective on Advantage Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, June 19th. Cormark raised Advantage Energy to a “moderate buy” rating in a report on Monday, September 23rd. CIBC restated a “neutral” rating and issued a C$12.00 price objective on shares of Advantage Energy in a research report on Thursday, August 29th. Finally, National Bankshares decreased their target price on shares of Advantage Energy from C$13.00 to C$11.50 in a report on Friday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$13.38.

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.