Advantage Energy (OTCMKTS:AAVVF) Upgraded to Buy at Wall Street Zen

Key Points

• Advantage Energy's stock rating was upgraded from "hold" to "buy" by Wall Street Zen, contributing to a consensus rating of "buy" among analysts.
• The company's stock experienced a 1.1% increase, reaching $8.38, while its one-year price range spans from a low of $5.54 to a high of $9.25.
• In its latest quarterly earnings, Advantage Energy reported earnings per share of $0.30, significantly exceeding the consensus estimate of $0.10.

Wall Street Zen upgraded shares of Advantage Energy (OTCMKTS:AAVVF - Free Report) from a hold rating to a buy rating in a report issued on Thursday.

Separately, CIBC reiterated a "neutral" rating on shares of Advantage Energy in a research note on Tuesday, June 24th. One investment 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy".

Advantage Energy Trading Up 2.4%

AAVVF traded up $0.20 during trading on Thursday, hitting $8.39. 56,914 shares of the company's stock were exchanged, compared to its average volume of 51,792. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. Advantage Energy has a 1 year low of $5.54 and a 1 year high of $9.25. The stock has a 50 day moving average price of $8.01 and a 200 day moving average price of $7.73. The firm has a market cap of $1.40 billion, a P/E ratio of 38.14 and a beta of 0.85.

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.20. The company had revenue of $120.89 million during the quarter, compared to the consensus estimate of $194.50 million. Advantage Energy had a net margin of 8.20% and a return on equity of 3.37%. As a group, analysts expect that Advantage Energy 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.