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

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 traded.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Advantage Energy from a "hold" rating to a "buy" rating in a research report on Thursday. CIBC reissued 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 given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy".

Advantage Energy Stock Down 1.2%

The company's 50 day moving average price is $8.02 and its two-hundred day moving average price is $7.72. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. The stock has a market cap of $1.37 billion, a P/E ratio of 37.27 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 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.20. Advantage Energy had a net margin of 8.20% and a return on equity of 3.37%. The firm had revenue of $120.89 million for the quarter, compared to analysts' expectations of $194.50 million. Equities 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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