Advantage Energy (AAVVF) Projected to Release Earnings on Thursday

Key Points

• Advantage Energy is expected to report earnings after Thursday’s market close, with analysts forecasting quarterly earnings of $0.1264 per share and revenue of $136.83 million.
• In its previous quarter, the company earned $0.19 per share, beating estimates by $0.05, while revenue of $137.96 million fell short of expectations.
• Shares opened at $7.66, near their 50-day and 200-day moving averages. Analysts’ consensus rating is “Moderate Buy,” although Raymond James recently downgraded the stock to “Hold.”

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) is expected to announce its results after the market closes on Thursday, October 29th. Analysts expect the company to announce earnings of $0.1264 per share and revenue of $136.83 million for the quarter.

Advantage Energy (OTCMKTS:AAVVF - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.05. The company had revenue of $137.96 million during the quarter, compared to analysts' expectations of $142.85 million. Advantage Energy had a net margin of 11.58% and a return on equity of 4.92%.

Advantage Energy Price Performance

Shares of Advantage Energy stock opened at $7.66 on Thursday. The business has a 50-day moving average of $7.58 and a 200-day moving average of $7.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $1.28 billion, a PE ratio of 21.89 and a beta of 0.76. Advantage Energy has a 1-year low of $6.72 and a 1-year high of $9.50.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Raymond James Financial cut Advantage Energy from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, September 16th. Scotiabank restated an "outperform" rating on shares of Advantage Energy in a research note on Monday, August 3rd. Finally, Canadian Imperial Bank of Commerce restated a "neutral" rating on shares of Advantage Energy in a research note on Friday, August 28th. One equities research 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.com, the stock currently has an average 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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