Advantage Energy (OTCMKTS:AAVVF) Stock Price Down 6.1% - Should You Sell?

Key Points

• Advantage Energy's shares fell by 6.1%, closing at $7.65, significantly below its previous close of $8.15, with trading volume dropping by 99% compared to average levels.
• The company reported a quarterly earnings per share (EPS) of $0.30, exceeding analyst expectations, but revenue was below consensus estimates at $120.89 million.
• Analysts maintain a consensus rating of "Buy" for Advantage Energy, with one firm reissuing a "neutral" rating amid a positive outlook on growth.

Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report)'s share price dropped 6.1% on Monday . The company traded as low as $7.65 and last traded at $7.65. Approximately 356 shares traded hands during trading, a decline of 99% from the average daily volume of 52,535 shares. The stock had previously closed at $8.15.

Analyst Ratings Changes

AAVVF has been the subject of a number of analyst reports. CIBC restated a "neutral" rating on shares of Advantage Energy in a report on Tuesday, June 24th. Wall Street Zen upgraded Advantage Energy from a "hold" rating to a "buy" rating in a report on Thursday. 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy".

Advantage Energy Stock Performance

The firm has a fifty day moving average price of $8.02 and a 200 day moving average price of $7.71. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $1.39 billion, a PE ratio of 37.73 and a beta of 0.85.

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) last issued its quarterly earnings data 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 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 analyst estimates of $194.50 million. Research analysts forecast that Advantage Energy Ltd. will post 0.19 earnings per share for the current fiscal 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.