Advantage Energy Ltd. Director Makes Stock Purchase

On December 11th, 2023, Advantage Energy Ltd. (TSE:AAV - Get Free Report) saw its director Janine Marie Mcardle acquire a total of 2,047 shares of the company's stock. The transaction occurred at an average cost of C$8.80 per share, amounting to a total investment of C$18,021.99.

Performance of Advantage Energy Shares

During midday trading on the following Friday, Advantage Energy shares dipped by C$0.12, bringing their price to C$8.82. The trading volume reached 344,408 shares that day, which is lower than the average volume of 448,621. The stock is currently showing a fifty-day simple moving average of C$9.06 and a two-hundred-day moving average of C$9.70. Advantage Energy Ltd. holds a market capitalization of C$1.47 billion, a price-to-earnings ratio of 18.68, and a price-to-earnings-growth ratio of -3.58. Over the past year, the stock has seen a low of C$8.14 and a high of C$11.73. Financial ratios report a current ratio of 0.76, quick ratio of 0.72, and a debt-to-equity ratio of 46.86.

Recent Earnings Reports

On October 24th, 2023, Advantage Energy released its earnings results for the previous quarter, reporting an earnings per share (EPS) of C($0.04). This figure fell short of the consensus estimate of C$0.03 by C($0.07). The company generated revenue of C$144.86 million, which was below analyst expectations of C$161.10 million. Advantage Energy's return on equity stood at 5.02%, and it reported a net margin of 16.05%. Analysts predict that Advantage Energy Ltd. will post an EPS of approximately 1.47 for the current fiscal year.

Analyst Opinions on Advantage Energy

Different brokerage firms have recently provided insights on Advantage Energy stocks. For instance, National Bankshares adjusted their price target downward from C$13.00 to C$11.50 on September 27th. Conversely, Cormark upgraded their stance on the shares to a "moderate buy" in a report published on September 23rd. TD Securities maintained a "buy" rating, affirming a C$13.00 target price. BMO Capital Markets also revised their expectations, lowering their target from C$13.00 to C$12.00 on October 4th. CIBC has retained a "neutral" rating with a price objective of C$12.00 as of August 29th. Overall, three analysts suggest holding the stock, while eight affirm a buy rating, according to MarketBeat, which indicates an average rating of "Moderate Buy" and a consensus price target of C$13.21.

About Advantage Energy Ltd.

Advantage Energy Ltd. focuses on acquiring, developing, and producing natural gas, crude oil, and natural gas liquids (NGLs) primarily in Alberta, Canada. Their operational assets are strategically located 4 to 80 kilometers northwest of Grande Prairie, Alberta.

Energy, Stock, Investment