Advantage Energy (OTCMKTS:AAVVF) Announces Quarterly Earnings Results

Key Points

• Advantage Energy reported quarterly EPS of $0.24, exceeding the consensus estimate of a $0.08 loss by $0.32. The company posted an 11.58% net margin and 4.92% return on equity.
• Shares rose to $7.79 in mid-day trading, giving the company a market capitalization of approximately $1.30 billion. The stock remains below its 12-month high of $9.50.
• Analyst sentiment is cautiously positive, with a consensus rating of “Moderate Buy”; one analyst rates it Strong Buy, two rate it Buy, and five rate it Hold.

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.32, Zacks reports. Advantage Energy had a net margin of 11.58% and a return on equity of 4.92%.

Advantage Energy Stock Performance

Advantage Energy stock traded up $0.10 during mid-day trading on Thursday, reaching $7.79. The company's stock had a trading volume of 144,998 shares, compared to its average volume of 104,422. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.34. Advantage Energy has a twelve month low of $6.72 and a twelve month high of $9.50. The business has a 50 day moving average price of $7.56 and a 200-day moving average price of $7.61. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 22.26 and a beta of 0.76.

Wall Street Analysts Forecast Growth

AAVVF has been the topic of several recent analyst reports. Canadian Imperial Bank of Commerce reiterated a "neutral" rating on shares of Advantage Energy in a research note on Friday, August 28th. Raymond James Financial lowered Advantage Energy from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, September 16th. Finally, Scotiabank restated an "outperform" rating on shares of Advantage Energy in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Advantage Energy Company Profile

Advantage Energy Ltd. is a Canadian natural gas and liquids producer headquartered in Calgary, Alberta. The company develops and produces natural gas, natural gas liquids and condensate, with a focus on the Montney resource in western Canada.

Advantage's principal operations are located in the Glacier region of Alberta, where it owns and operates infrastructure supporting drilling, processing and transportation. Its production is marketed to customers in Canada and the United States through regional pipeline and natural gas networks.

The company was formerly known as Advantage Oil & Gas Ltd.

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