Advantage Energy (OTCMKTS:AAVVF) Downgraded by Wall Street Zen to "Hold"

Key Points

• Advantage Energy has been downgraded from a "buy" rating to a "hold" by Wall Street Zen analysts, indicating a shift in market sentiment towards the stock.
• The company's stock price increased by 2.9% to $8.41 during trading, despite a recent earnings report that showed revenue significantly below analysts' expectations.
• Advantage Energy has a market capitalization of $1.40 billion and is expected to post earnings of $0.19 per share for the current year according to sell-side analysts.

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Friday.

Separately, CIBC reissued a "neutral" rating on shares of Advantage Energy in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy".

Advantage Energy Stock Up 2.9%

OTCMKTS:AAVVF traded up $0.24 during mid-day trading on Friday, reaching $8.41. The stock had a trading volume of 8,662 shares, compared to its average volume of 52,585. The stock has a market cap of $1.40 billion, a P/E ratio of 38.23 and a beta of 0.85. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.67 and a quick ratio of 0.67. Advantage Energy has a fifty-two week low of $5.54 and a fifty-two week high of $9.25. The business's 50 day moving average is $8.01 and its 200 day moving average is $7.81.

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.10 by $0.20. Advantage Energy had a net margin of 8.20% and a return on equity of 3.37%. The business had revenue of $120.89 million for the quarter, compared to analysts' expectations of $194.50 million. As a group, sell-side analysts predict that Advantage Energy will post 0.19 earnings per share for the current year.

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.

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