Insider Buying: Advantage Energy Ltd. (TSE:AAV) Senior Officer Buys 2,000 Shares of Stock

Advantage Energy Ltd. (TSE:AAV – Get Rating) (NYSE:AAV) Senior Officer Geoffrey Keyser purchased 2,000 shares of the stock in a transaction dated Monday, January 16th. The stock was acquired at an average price of C$8.86 per share, for a total transaction of C$17,720.00. Following the completion of the transaction, the insider now directly owns 34,125 shares of the company’s stock, valued at C$302,347.50.

Advantage Energy Stock Performance

Shares of AAV stock opened at C$8.85 on Tuesday. The company’s fifty day simple moving average is C$10.12 and its 200-day simple moving average is C$10.44. Advantage Energy Ltd. has a 52 week low of C$5.98 and a 52 week high of C$12.19. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 14.56. The company has a market cap of C$1.52 billion and a PE ratio of 2.98.

Advantage Energy (TSE:AAV – Get Rating) (NYSE:AAV) last issued its earnings results on Thursday, October 27th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$138.69 million during the quarter. As a group, equities research analysts anticipate that Advantage Energy Ltd. will post 1.9600001 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AAV. Scotiabank decreased their target price on shares of Advantage Energy from C$16.50 to C$14.50 in a research report on Tuesday, January 17th. CIBC decreased their target price on shares of Advantage Energy from C$13.50 to C$12.00 in a research report on Tuesday, January 17th. Stifel Firstegy restated a “buy” rating on shares of Advantage Energy in a research report on Thursday, January 12th. Stifel Nicolaus set a C$14.25 target price on shares of Advantage Energy and gave the stock a “buy” rating in a research report on Friday, January 13th. Finally, Raymond James downgraded shares of Advantage Energy from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from C$14.00 to C$12.00 in a research note on Monday, January 16th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Advantage Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.55.

Advantage Energy Company Profile

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Advantage Energy Ltd., together with its subsidiaries, acquires, exploits, develops, and produces crude oil, natural gas, and natural gas liquids in the Province of Alberta, Canada. The company focuses on the development and production of oil and natural gas resource that includes 228 net sections covering an area of 145,920 net acres of Doig/Montney rights in Glacier, Valhalla, Progress, and Pipestone/Wembley.