Key Points
- Director John Festival bought 50,000 shares of Advantage Energy on June 16 at an average price of C$9.60, spending C$480,000. After the purchase, his holdings rose to 300,000 shares, a 20% increase.
- Advantage Energy shares opened at C$9.67, near the stock’s 52-week low of C$9.19 and below its 52-week high of C$13.20. The company also carries a high debt-to-equity ratio of 48.61.
- Analysts remain cautiously positive on the stock despite a recent downgrade by BMO Capital Markets to “hold.” The current consensus rating is “Moderate Buy,” with an average price target of C$14.17.
Advantage Energy Ltd. (TSE:AAV - Get Free Report) (NYSE:AAV) insider Brian Eric Bagnell acquired 2,095 shares of the business's stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average cost of C$9.56 per share, with a total value of C$20,028.20. Following the transaction, the insider owned 19,764 shares in the company, valued at approximately C$188,943.84. This trade represents a 11.86% increase in their ownership of the stock.
Advantage Energy Stock Performance
Shares of TSE AAV opened at C$9.67 on Wednesday. Advantage Energy Ltd. has a 1 year low of C$9.19 and a 1 year high of C$13.20. 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 firm has a fifty day moving average price of C$10.00 and a 200-day moving average price of C$10.82. The stock has a market cap of C$1.62 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of -3.58 and a beta of -0.42.
Advantage Energy (TSE:AAV - Get Free Report) (NYSE:AAV) last announced its quarterly earnings results on Thursday, March 5th. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$169.03 million for the quarter. Advantage Energy had a net margin of 16.83% and a return on equity of 6.59%. Equities analysts anticipate that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets downgraded Advantage Energy from an "outperform" rating to a "hold" rating and set a C$12.00 price objective on the stock. in a research report 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, Advantage Energy has an average rating of "Moderate Buy" and an average price target of C$14.17.
View Our Latest Report on Advantage Energy
Advantage Energy Company Profile
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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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