Insider Buying: Advantage Energy Ltd. (TSE:AAV) Director Buys 20,000 Shares of Stock

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV Director John Festival acquired 20,000 shares of the firm's stock in a transaction on Monday, March 10th. The stock was purchased at an average price of C$9.18 per share, with a total value of C$183,600.00.

Advantage Energy Stock Up 1.8 %

Shares of AAV stock traded up C$0.17 during mid-day trading on Monday, hitting C$9.72. The company's stock had a trading volume of 243,395 shares, compared to its average volume of 520,168. The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75. Advantage Energy Ltd. has a 52-week low of C$8.27 and a 52-week high of C$11.73. The stock has a market cap of C$1.61 billion, a price-to-earnings ratio of 35.40, a PEG ratio of -3.58 and a beta of 1.46. The business has a 50-day moving average price of C$9.67 and a 200 day moving average price of C$9.33.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AAV shares. BMO Capital Markets increased their price target on shares of Advantage Energy from C$12.00 to C$13.00 in a research note on Tuesday, January 14th. CIBC raised their target price on shares of Advantage Energy from C$11.00 to C$11.50 in a research note on Friday, January 17th. National Bank Financial upgraded shares of Advantage Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, January 20th. Cormark upgraded Advantage Energy to a "moderate buy" rating in a research note on Thursday, March 6th. Finally, National Bankshares upgraded Advantage Energy from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from C$11.50 to C$15.00 in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Advantage Energy presently has a consensus rating of "Moderate Buy" and an average target price of C$13.85.

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Advantage Energy Company Profile

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.