Advantage Energy (OTCMKTS:AAVVF) Shares Gap Down - Here's What Happened

Key Points

• Advantage Energy shares opened at $8.05 after closing at $8.54, reflecting a significant gap down before the market opened on Tuesday.
• Analysts have mixed ratings on Advantage Energy, with CIBC maintaining a "neutral" rating while Wall Street Zen downgraded the stock from "buy" to "hold."
• In the latest quarterly earnings, Advantage Energy reported earnings per share of $0.30, exceeding the consensus estimate of $0.10, but fell short on revenue expectations, bringing in $120.89 million against an estimated $194.50 million.

Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $8.54, but opened at $8.05. Advantage Energy shares last traded at $8.45, with a volume of 345 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. CIBC reiterated a "neutral" rating on shares of Advantage Energy in a research report on Tuesday, June 24th. Wall Street Zen cut Advantage Energy from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy".

Advantage Energy Price Performance

The stock has a 50 day simple moving average of $8.06 and a two-hundred day simple moving average of $7.90. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 38.41 and a beta of 0.77. 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 (OTCMKTS:AAVVF - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates 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, equities research analysts predict 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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