Advantage Energy (OTCMKTS:AAVVF) Shares Up 0.1% Following Strong Earnings

Key Points

• Advantage Energy Ltd. shares increased by 0.1%, trading at $7.89, with a notable volume surge of 147% over the average daily trading volume.
• The company holds a market capitalization of $1.32 billion and has an average analyst rating of "Buy," with varying recommendations from brokerages.
• Advantage Energy engages in the acquisition and production of natural gas and crude oil in Alberta, Canada, with its assets located near Grande Prairie.

Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report) was up 0.1% during trading on Thursday following a stronger than expected earnings report. The company traded as high as $8.23 and last traded at $7.89. Approximately 93,812 shares were traded during trading, an increase of 147% from the average daily volume of 38,036 shares. The stock had previously closed at $7.88.

The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.20. Advantage Energy had a net margin of 8.20% and a return on equity of 3.40%. The firm had revenue of $120.89 million for the quarter, compared to analyst estimates of $194.50 million.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AAVVF shares. CIBC reissued a "neutral" rating on shares of Advantage Energy in a report on Tuesday, June 24th. Desjardins restated a "buy" rating on shares of Advantage Energy in a research report on Monday, May 5th. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

Advantage Energy Stock Performance

The firm has a market capitalization of $1.32 billion, a P/E ratio of 35.91 and a beta of 1.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a 50-day moving average of $8.39 and a 200 day moving average of $7.50.

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.