Advantage Energy (OTCMKTS:AAVVF) Shares Gap Down - Should You Sell?

Key Points

• Advantage Energy's stock gapped down from a previous close of $8.30 to an opening price of $7.98 on Monday, with its last traded price at $8.23.
• The company's quarterly earnings report showed an earnings per share of $0.30, significantly exceeding the consensus estimate of $0.10, but revenue fell short of expectations at $120.89 million.
• Analysts have mixed ratings on Advantage Energy, with a consensus rating of "Buy", after Wall Street Zen upgraded the stock from a "hold" to a "buy."

Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $8.30, but opened at $7.98. Advantage Energy shares last traded at $8.23, with a volume of 260 shares changing hands.

Analysts Set New Price Targets

AAVVF has been the subject of a number of research analyst reports. Wall Street Zen upgraded Advantage Energy from a "hold" rating to a "buy" rating in a report on Thursday, September 11th. CIBC reiterated a "neutral" rating on shares of Advantage Energy in a research note on Tuesday, June 24th. 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 company's stock. According to MarketBeat, the company currently has an average rating of "Buy".

Advantage Energy Stock Performance

The company has a fifty day moving average of $8.01 and a two-hundred day moving average of $7.76. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 37.23 and a beta of 0.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 0.67.

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.20. The firm had revenue of $120.89 million for the quarter, compared to analysts' expectations of $194.50 million. Advantage Energy had a return on equity of 3.37% and a net margin of 8.20%. As a group, 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.