Advantage Energy (OTCMKTS:AAVVF) Sees Strong Trading Volume - Here's Why

Key Points

• Advantage Energy Ltd. experienced a significant trading volume increase of 158%, with approximately 128,747 shares traded, bringing the stock price to $7.43.
• Analysts have mixed views on the stock, with a consensus rating of "Buy", while firms like CIBC maintain a "neutral" stance, and one analyst has given a Strong Buy rating.
• In its recent earnings report, Advantage Energy posted $0.30 EPS, exceeding estimates, although revenue was below expectations at $120.89 million.

Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 128,747 shares changed hands during mid-day trading, an increase of 158% from the previous session's volume of 49,901 shares.The stock last traded at $7.43 and had previously closed at $7.55.

Analyst Ratings Changes

A number of brokerages have weighed in on AAVVF. CIBC reaffirmed a "neutral" rating on shares of Advantage Energy in a research note on Tuesday, June 24th. Desjardins reissued a "buy" rating on shares of Advantage Energy in a research report on Monday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy".

Advantage Energy Price Performance

The company has a quick ratio of 0.51, a current ratio of 0.67 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average price of $8.21 and a two-hundred day moving average price of $7.57. The stock has a market capitalization of $1.31 billion, a P/E ratio of 35.55 and a beta of 1.00.

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

About Advantage Energy

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.