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

Key Points

• Advantage Energy Ltd. shares gapped down from a previous close of $7.87 to open at $7.39, with a trading volume of 1,801 shares.
• Despite the recent dip, the company holds a consensus rating of "Buy" from analysts, with some providing a strong buy rating.
• The latest earnings report showed a net income of $0.30 per share, exceeding expectations, but revenue fell short at $120.89 million against a forecast of $194.50 million.

Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $7.87, but opened at $7.39. Advantage Energy shares last traded at $7.87, with a volume of 1,801 shares traded.

Analyst Ratings Changes

AAVVF has been the subject of a number of recent analyst reports. CIBC reaffirmed a "neutral" rating on shares of Advantage Energy in a research report on Tuesday, June 24th. Desjardins reiterated a "buy" rating on shares of Advantage Energy in a report on Monday, May 5th. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy".

Advantage Energy Trading Up 0.1%

The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 34.61 and a beta of 1.00. The business has a fifty day moving average price of $8.34 and a 200 day moving average price of $7.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.51 and a quick ratio of 0.51.

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.30 EPS 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 return on equity of 3.40% and a net margin of 8.20%. On average, equities analysts expect that Advantage Energy Ltd. will post 0.19 EPS for the current fiscal year.

Advantage Energy Company Profile

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.