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

Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $8.31, but opened at $8.10. Advantage Energy shares last traded at $8.10, with a volume of 101 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. CIBC reaffirmed a "neutral" rating on shares of Advantage Energy in a report on Tuesday, June 24th. Raymond James Financial raised shares of Advantage Energy to a "moderate buy" rating in a report on Monday, April 7th. Finally, Desjardins reaffirmed a "buy" rating on shares of Advantage Energy in a report on Monday, May 5th. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Advantage Energy currently has a consensus rating of "Buy".

Advantage Energy Price Performance

The business's 50 day moving average is $8.19 and its 200-day moving average is $7.30. The firm has a market capitalization of $1.39 billion, a P/E ratio of -64.08 and a beta of 0.96. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.36.

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.31). Advantage Energy had a negative net margin of 5.68% and a negative return on equity of 1.84%. The company had revenue of $154.11 million during the quarter, compared to analyst estimates of $209.10 million. As a group, sell-side analysts predict 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.