Donald Craig Blackwood Buys 5,435 Shares of Advantage Energy Ltd. (TSE:AAV) Stock

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) Senior Officer Donald Craig Blackwood purchased 5,435 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of C$9.20 per share, for a total transaction of C$50,002.00.

Advantage Energy Stock Down 0.7 %

Shares of Advantage Energy stock opened at C$8.94 on Thursday. The firm has a market cap of C$1.44 billion, a price-to-earnings ratio of 15.96, 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. Advantage Energy Ltd. has a 52-week low of C$8.02 and a 52-week high of C$11.73. The stock has a 50-day simple moving average of C$10.31 and a 200-day simple moving average of C$10.14.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Cormark set a C$15.00 target price on Advantage Energy and gave the company a “buy” rating in a research note on Wednesday, June 19th. CIBC lifted their target price on Advantage Energy from C$11.00 to C$12.00 and gave the company a “neutral” rating in a research note on Wednesday, June 19th. Royal Bank of Canada lifted their target price on Advantage Energy from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 19th. ATB Capital lifted their target price on Advantage Energy from C$13.50 to C$14.00 in a research note on Wednesday, July 10th. Finally, National Bankshares lifted their target price on Advantage Energy from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research note on Wednesday, June 19th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$13.68.

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.