Advantage Energy (OTCMKTS:AAVVF) Shares Gap Down - What's Next?

Key Points

• Advantage Energy Ltd. shares gapped down from a previous close of $8.36 to open at $7.84, and last traded at $8.27 with lower trading volume of 356 shares.
• Research analysts have recently downgraded Advantage Energy's rating from "buy" to "hold," while maintaining an overall average rating of "Buy" according to MarketBeat.com.
• The company reported a quarterly earnings per share of $0.30, surpassing the $0.10 consensus estimate, although its revenue of $120.89 million fell short of the expected $194.50 million.

Shares of Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $8.36, but opened at $7.84. Advantage Energy shares last traded at $8.27, with a volume of 356 shares traded.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wall Street Zen downgraded Advantage Energy from a "buy" rating to a "hold" rating in a research note on Friday. CIBC reiterated a "neutral" rating on shares of Advantage Energy in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Advantage Energy currently has an average rating of "Buy".

Advantage Energy Stock Performance

The stock's 50-day simple moving average is $8.02 and its 200-day simple moving average is $7.86. 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 $1.38 billion, a price-to-earnings ratio of 37.50 and a beta of 0.85.

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.20. Advantage Energy had a net margin of 8.20% and a return on equity of 3.37%. The company had revenue of $120.89 million during the quarter, compared to the consensus estimate of $194.50 million. Analysts forecast that Advantage Energy Ltd. will post 0.19 earnings per share 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.

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