Advantage Energy Ltd. (TSE:AAV) Expected to Post Q3 2024 Earnings of $0.03 Per Share

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Equities research analysts at Atb Cap Markets reduced their Q3 2024 earnings per share (EPS) estimates for shares of Advantage Energy in a research report issued on Thursday, October 10th. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings of $0.03 per share for the quarter, down from their previous forecast of $0.06. The consensus estimate for Advantage Energy’s current full-year earnings is $1.47 per share. Atb Cap Markets also issued estimates for Advantage Energy’s Q4 2024 earnings at $0.32 EPS, FY2024 earnings at $0.42 EPS, Q1 2025 earnings at $0.38 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.44 EPS, FY2025 earnings at $1.54 EPS and FY2026 earnings at $1.46 EPS.

Other equities analysts have also recently issued research reports about the company. National Bank Financial cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. ATB Capital lifted their price target on Advantage Energy from C$13.50 to C$14.00 in a research note on Wednesday, July 10th. CIBC restated a “neutral” rating and issued a C$12.00 price target on shares of Advantage Energy in a research note on Thursday, August 29th. National Bankshares cut their price target on Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. Finally, BMO Capital Markets cut their price target on Advantage Energy from C$13.00 to C$12.00 in a research note on Friday, October 4th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$13.21.

Advantage Energy Stock Performance

Shares of AAV stock opened at C$9.37 on Monday. The stock has a market cap of C$1.56 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The business has a 50-day simple moving average of C$9.35 and a 200-day simple moving average of C$10.10. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 46.86. Advantage Energy has a 52-week low of C$8.02 and a 52-week high of C$11.73.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings data on Thursday, July 25th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.03) by C($0.04). The company had revenue of C$100.66 million during the quarter, compared to analyst estimates of C$108.50 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%.

Insider Activity

In related news, Director John Festival purchased 20,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was acquired at an average cost of C$9.58 per share, for a total transaction of C$191,600.00. In other Advantage Energy news, Senior Officer Donald Craig Blackwood acquired 5,435 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of C$9.20 per share, for a total transaction of C$50,002.00. Also, Director John Festival acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average price of C$9.58 per share, for a total transaction of C$191,600.00. Insiders purchased 45,435 shares of company stock worth $420,402 over the last ninety days. Corporate insiders own 1.55% of the company’s stock.

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.