Advantage Energy (OTCMKTS:AAVVF) Stock Price Up 6.4% on Strong Earnings

Key Points

• Advantage Energy shares rose 6.4% to $8.29 after the company reported quarterly earnings of $0.24 per share, beating the $0.08-per-share loss analysts expected.
• Quarterly revenue totaled $133.21 million, slightly below the $136.83 million consensus estimate; the company reported an 11.58% net margin and 4.92% return on equity.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy”, although Raymond James recently downgraded the stock to “Hold.”

Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report) shares rose 6.4% on Friday after the company announced better than expected quarterly earnings. The company traded as high as $8.29 and last traded at $8.29. Approximately 19,256 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 103,962 shares. The stock had previously closed at $7.79.

The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.32. The company had revenue of $133.21 million during the quarter, compared to analysts' expectations of $136.83 million. Advantage Energy had a net margin of 11.58% and a return on equity of 4.92%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AAVVF. Canadian Imperial Bank of Commerce reissued a "neutral" rating on shares of Advantage Energy in a research note on Friday, August 28th. Raymond James Financial lowered shares of Advantage Energy from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, September 16th. Finally, Scotiabank reiterated an "outperform" rating on shares of Advantage Energy in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Advantage Energy Stock Up 6.4%

The stock has a fifty day moving average price of $7.56 and a 200-day moving average price of $7.61. The firm has a market cap of $1.39 billion, a PE ratio of 23.69 and a beta of 0.76. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.34 and a current ratio of 0.34.

About Advantage Energy

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.