Insider Selling: Advantage Energy Ltd. (TSE:AAV) Director Sells 114,000 Shares of Stock

Advantage Energy Ltd. (TSE:AAV – Get Rating) (NYSE:AAV) Director Andy Mah sold 114,000 shares of the business’s stock in a transaction dated Monday, April 11th. The stock was sold at an average price of C$9.96, for a total transaction of C$1,135,440.00. Following the completion of the transaction, the director now owns 863,434 shares of the company’s stock, valued at C$8,599,802.64.

TSE:AAV traded up C$0.25 during midday trading on Tuesday, hitting C$10.07. The company’s stock had a trading volume of 2,524,238 shares, compared to its average volume of 1,075,111. Advantage Energy Ltd. has a fifty-two week low of C$2.93 and a fifty-two week high of C$10.21. The firm’s 50 day moving average is C$7.51 and its 200-day moving average is C$7.16. The company has a debt-to-equity ratio of 18.01, a current ratio of 0.88 and a quick ratio of 0.84. The firm has a market cap of C$1.92 billion and a P/E ratio of 4.84.

Advantage Energy (TSE:AAV – Get Rating) (NYSE:AAV) last issued its quarterly earnings results on Thursday, February 24th. The company reported C$0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.17 by C$0.11. The business had revenue of C$159.26 million during the quarter. As a group, analysts forecast that Advantage Energy Ltd. will post 0.9299999 EPS for the current year.

A number of equities analysts have commented on AAV shares. Tudor Pickering reiterated a “buy” rating and issued a C$9.00 target price on shares of Advantage Energy in a report on Thursday, January 20th. Cormark boosted their target price on shares of Advantage Energy from C$13.00 to C$14.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank of Canada boosted their target price on shares of Advantage Energy from C$8.50 to C$10.00 and gave the stock a “sector perform” rating in a report on Friday. Scotiabank upped their price objective on shares of Advantage Energy from C$12.50 to C$13.00 in a report on Tuesday, March 29th. Finally, National Bank Financial upped their price objective on shares of Advantage Energy to C$10.00 and gave the company an “outperform” rating in a report on Thursday, January 6th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Advantage Energy presently has a consensus rating of “Buy” and a consensus target price of C$10.27.

Advantage Energy Company Profile (Get Rating)

Advantage Energy Ltd., together with its subsidiaries, acquires, exploits, develops, and produces crude oil, natural gas, and natural gas liquids in the Province of Alberta, Canada. The company focuses on the development and production of oil and natural gas resource that includes 228 net sections covering an area of 145,920 net acres of Doig/Montney rights in Glacier, Valhalla, Progress, and Pipestone/Wembley.

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