Advantage Energy (TSE:AAV) Stock Price Down 5.2%

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s stock price fell 5.2% during trading on Friday . The stock traded as low as C$8.90 and last traded at C$9.29. 92,379 shares were traded during mid-day trading, a decline of 78% from the average session volume of 427,663 shares. The stock had previously closed at C$9.80.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AAV. TD Securities restated a “buy” rating and issued a C$14.00 price target on shares of Advantage Energy in a research report on Friday. Cormark set a C$15.00 target price on shares of Advantage Energy and gave the company a “buy” rating in a research note on Wednesday, June 19th. Desjardins raised their target price on shares of Advantage Energy from C$13.00 to C$13.50 and gave the company a “buy” rating in a research note on Monday, April 29th. CIBC raised their price target on shares of Advantage Energy from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 19th. Finally, BMO Capital Markets restated an “outperform” rating and issued a C$13.00 price target on shares of Advantage Energy in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Advantage Energy presently has an average rating of “Moderate Buy” and an average target price of C$13.68.

Advantage Energy Stock Performance

The company has a market capitalization of C$1.52 billion, a P/E ratio of 16.70, a P/E/G ratio of -3.58 and a beta of 1.61. The company has a debt-to-equity ratio of 25.01, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s 50 day simple moving average is C$10.61 and its two-hundred day simple moving average is C$10.09.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings results on Thursday, April 25th. The company reported C$0.14 EPS for the quarter, topping the consensus estimate of C$0.11 by C$0.03. Advantage Energy had a net margin of 18.74% and a return on equity of 6.06%. The company had revenue of C$139.38 million during the quarter, compared to analysts’ expectations of C$132.00 million. As a group, research analysts expect that Advantage Energy Ltd. will post 0.5729702 earnings per share for the current year.

Insider Activity at Advantage Energy

In other news, Director Stephen Balog acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was purchased at an average price of C$10.16 per share, for a total transaction of C$50,800.00. In related news, Director Stephen Balog purchased 5,000 shares of Advantage Energy stock in a transaction dated Tuesday, June 18th. The stock was bought at an average price of C$10.16 per share, for a total transaction of C$50,800.00. Also, Director Jill Terilee Angevine acquired 24,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was acquired at an average cost of C$9.91 per share, for a total transaction of C$237,919.20. Over the last 90 days, insiders bought 37,000 shares of company stock worth $372,069. 1.53% of the stock is currently owned by company insiders.

Advantage Energy Company Profile

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.