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

Key Points

• Advantage Energy Ltd. shares opened at $7.76 after closing at $8.17, indicating a significant gap down in price.
• The company's most recent earnings report showed a profit of $0.30 per share, surpassing estimates but with revenue below expectations at $120.89 million.
• Market analysts maintain a generally positive outlook, with an average rating of "Buy" for Advantage Energy shares, despite one analyst issuing a "neutral" rating.

Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $8.17, but opened at $7.76. Advantage Energy shares last traded at $8.19, with a volume of 892 shares.

Wall Street Analyst Weigh In

Separately, CIBC restated a "neutral" rating on shares of Advantage Energy in a research report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Advantage Energy has an average rating of "Buy".

Advantage Energy Trading Down 1.1%

The business's 50-day moving average price is $8.06 and its two-hundred day moving average price is $7.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 36.72 and a beta of 0.85.

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, beating analysts' consensus estimates of $0.10 by $0.20. The business had revenue of $120.89 million during the quarter, compared to analyst estimates of $194.50 million. Advantage Energy had a net margin of 8.20% and a return on equity of 3.37%. Equities analysts expect 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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