Equities Analysts Issue Forecasts for Advantage Energy Ltd.’s Q3 2024 Earnings (TSE:AAV)

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Equities researchers at Atb Cap Markets dropped their Q3 2024 EPS estimates for shares of Advantage Energy in a note issued to investors on Sunday, September 15th. Atb Cap Markets analyst A. Arif now forecasts that the company will earn $0.06 per share for the quarter, down from their prior forecast of $0.18. Atb Cap Markets also issued estimates for Advantage Energy’s Q2 2025 earnings at $0.35 EPS, FY2025 earnings at $1.60 EPS, FY2026 earnings at $1.49 EPS and FY2027 earnings at $1.36 EPS.

Several other research firms have also commented on AAV. ATB Capital lifted their price objective on shares of Advantage Energy from C$13.50 to C$14.00 in a research note on Wednesday, July 10th. CIBC reissued a “neutral” rating and set a C$12.00 target price on shares of Advantage Energy in a research note on Thursday, August 29th. Scotiabank boosted their target price on shares of Advantage Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, June 19th. National Bankshares boosted their target price on shares of Advantage Energy from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research note on Wednesday, June 19th. Finally, Royal Bank of Canada boosted their target price on shares of Advantage Energy from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 19th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Advantage Energy has an average rating of “Moderate Buy” and an average target price of C$13.68.

Advantage Energy Trading Down 1.7 %

Shares of AAV opened at C$9.01 on Wednesday. The company’s fifty day moving average is C$9.54 and its 200 day moving average is C$10.18. Advantage Energy has a fifty-two week low of C$8.02 and a fifty-two week high of C$11.73. The stock has a market capitalization of C$1.50 billion, a PE ratio of 19.17, a P/E/G ratio of -3.58 and a beta of 1.48. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76.

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

Insider Buying and Selling

In other news, Senior Officer Donald Craig Blackwood purchased 5,435 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were bought at an average price of C$9.20 per share, with a total value of C$50,002.00. In related news, Senior Officer Donald Craig Blackwood acquired 5,435 shares of Advantage Energy stock in a transaction dated Friday, August 2nd. The shares were acquired 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 Advantage Energy stock in a transaction dated Monday, July 29th. The stock was bought at an average price of C$9.58 per share, for a total transaction of C$191,600.00. Insiders acquired a total of 49,435 shares of company stock worth $479,521 over the last 90 days. 1.53% of the stock is owned by insiders.

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.