Advantage Energy Ltd. (TSE:AAV) Director Acquires C$398,000.00 in Stock

Advantage Energy Ltd. (TSE:AAVGet Free Report) (NYSE:AAV) Director John Larry Festival purchased 40,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were acquired at an average cost of C$9.95 per share, for a total transaction of C$398,000.00.

Advantage Energy Stock Down 2.2 %

Shares of AAV opened at C$9.72 on Friday. Advantage Energy Ltd. has a 52 week low of C$6.79 and a 52 week high of C$11.05. The firm has a market cap of C$1.55 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of -3.58 and a beta of 1.65. The firm’s 50-day simple moving average is C$9.41 and its 200 day simple moving average is C$9.35. The company has a debt-to-equity ratio of 22.74, a quick ratio of 0.72 and a current ratio of 1.25.

Analyst Ratings Changes

Several equities research analysts have commented on AAV shares. Scotiabank boosted their price target on shares of Advantage Energy from C$16.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 5th. Royal Bank of Canada boosted their price target on shares of Advantage Energy from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 5th. Stifel Nicolaus cut their price target on shares of Advantage Energy from C$14.50 to C$13.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. TD Securities upped their target price on shares of Advantage Energy from C$11.50 to C$12.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, National Bankshares upped their target price on shares of Advantage Energy from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$12.16.

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Advantage Energy Company Profile

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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. The company's assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.

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