Advantage Energy (AAV) Scheduled to Post Quarterly Earnings on Thursday

Advantage Energy (TSE:AAV) (NYSE:AAV) is scheduled to issue its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of C$0.06 per share for the quarter.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted 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 firm had revenue of C$100.66 million for the quarter, compared to the consensus estimate of C$108.50 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%.

Advantage Energy Stock Up 0.1 %

Advantage Energy stock opened at C$9.17 on Thursday. The company has a debt-to-equity ratio of 46.86, a current ratio of 0.76 and a quick ratio of 0.72. Advantage Energy has a fifty-two week low of C$8.02 and a fifty-two week high of C$11.73. The firm has a fifty day moving average price of C$9.33 and a two-hundred day moving average price of C$10.09. The firm has a market cap of C$1.53 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of -3.58 and a beta of 1.46.

Insider Activity

In other news, Senior Officer Donald Craig Blackwood acquired 5,435 shares of Advantage Energy stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of C$9.20 per share, with a total value of C$50,002.00. In other Advantage Energy 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 purchased at an average cost of C$9.20 per share, with a total value of C$50,002.00. Also, Director John Festival acquired 20,000 shares of Advantage Energy stock in a transaction dated Friday, September 27th. The shares were acquired at an average price of C$8.94 per share, with a total value of C$178,800.00. Insiders have acquired 45,435 shares of company stock worth $420,402 in the last 90 days. Corporate insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

AAV has been the topic of several research reports. National Bank Financial lowered Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. TD Securities reaffirmed a “buy” rating and issued a C$13.00 target price on shares of Advantage Energy in a research report on Wednesday, October 9th. CIBC reiterated a “neutral” rating and set a C$12.00 price target on shares of Advantage Energy in a research note on Thursday, August 29th. Scotiabank increased their price objective 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. Finally, BMO Capital Markets lowered their target price on shares of Advantage Energy from C$13.00 to C$12.00 in a research note on Friday, October 4th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$13.21.

About Advantage Energy

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.