Advantage Energy (OTCMKTS:AAVVF) Shares Down 0.6% After Analyst Downgrade

Key Points

• Advantage Energy Ltd. shares declined by 0.6% following a downgrade from Wall Street Zen, shifting the rating from buy to hold.
• The company reported $0.30 earnings per share last quarter, significantly exceeding the consensus estimate of $0.10, with revenues of $120.89 million against an estimate of $194.50 million.
• CIBC maintains a neutral rating on Advantage Energy, while analysts have various ratings, including one Strong Buy, one Buy, and one Hold, resulting in an average rating of "Buy".

Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report) fell 0.6% during mid-day trading on Monday after Wall Street Zen downgraded the stock from a buy rating to a hold rating. The company traded as low as $8.25 and last traded at $8.36. 29,311 shares traded hands during trading, a decline of 47% from the average session volume of 55,610 shares. The stock had previously closed at $8.41.

Separately, CIBC reaffirmed a "neutral" rating on shares of Advantage Energy in a research report on Tuesday, June 24th. One investment 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy".

Advantage Energy Trading Down 0.6%

The company has a fifty day simple moving average of $8.02 and a two-hundred day simple moving average of $7.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $1.40 billion, a P/E ratio of 37.99 and a beta of 0.85.

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) last posted its 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. The company had revenue of $120.89 million for the quarter, compared to analyst estimates of $194.50 million. Advantage Energy had a return on equity of 3.37% and a net margin of 8.20%. On average, analysts forecast that Advantage Energy Ltd. will post 0.19 earnings per share for the current fiscal 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.

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