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

Key Points

• Advantage Energy's stock price experienced a drop from $8.07 to $7.77 just before market opening, signifying a notable gap down.
• Wall Street analysts dropped their rating of Advantage Energy from "buy" to "hold," although the stock still carries a consensus rating of "buy" from other analysts.
• In its most recent quarterly earnings, Advantage Energy reported $0.30 earnings per share, significantly exceeding the consensus estimate of $0.10.

Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $8.07, but opened at $7.77. Advantage Energy shares last traded at $7.77, with a volume of 780 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Advantage Energy from a "buy" rating to a "hold" rating in a report on Friday, September 26th. One equities research 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. According to data from MarketBeat.com, the company has a consensus rating of "Buy".

Advantage Energy Trading Down 4.2%

The firm has a market cap of $1.30 billion, a P/E ratio of 35.32 and a beta of 0.77. 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 firm has a fifty day moving average of $8.14 and a 200-day moving average of $7.97.

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

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