FY2024 EPS Estimate for Advantage Energy Cut by Analyst

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Equities research analysts at Atb Cap Markets decreased their FY2024 EPS estimates for Advantage Energy in a research note issued on Tuesday, February 25th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings of $0.20 per share for the year, down from their previous forecast of $0.27. 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 $0.17 EPS, Q4 2024 earnings at $0.17 EPS, FY2024 earnings at $0.20 EPS, FY2025 earnings at $1.16 EPS, FY2025 earnings at $1.16 EPS, FY2027 earnings at $1.62 EPS and FY2027 earnings at $1.62 EPS.

AAV has been the topic of several other research reports. BMO Capital Markets boosted their target price on shares of Advantage Energy from C$12.00 to C$13.00 in a report on Tuesday, January 14th. National Bankshares raised shares of Advantage Energy from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$11.50 to C$15.00 in a report on Thursday, January 30th. National Bank Financial raised shares of Advantage Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, January 20th. Finally, CIBC boosted their price target on shares of Advantage Energy from C$11.00 to C$11.50 in a research report on Friday, January 17th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Advantage Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$13.85.

Advantage Energy Price Performance

AAV stock opened at C$10.09 on Friday. Advantage Energy has a one year low of C$8.27 and a one year high of C$11.73. The company’s fifty day moving average price is C$9.69 and its 200-day moving average price is C$9.32. The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75. The company has a market capitalization of C$1.67 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46.

Insider Buying and Selling

In other news, Senior Officer Geoffrey Keyser acquired 3,000 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average price of C$9.10 per share, for a total transaction of C$27,300.00. 1.55% of the stock is currently owned by company insiders.

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.