Equities Analysts Set Expectations for Advantage Energy Ltd.’s Q1 2024 Earnings (TSE:AAV)

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Equities researchers at Atb Cap Markets decreased their Q1 2024 earnings per share estimates for Advantage Energy in a note issued to investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.11 for the quarter, down from their prior forecast of $0.16. The consensus estimate for Advantage Energy’s current full-year earnings is $0.53 per share. Atb Cap Markets also issued estimates for Advantage Energy’s Q2 2024 earnings at $0.12 EPS, Q3 2024 earnings at $0.16 EPS, Q4 2024 earnings at $0.24 EPS, FY2024 earnings at $0.62 EPS, FY2025 earnings at $0.58 EPS, FY2026 earnings at $0.79 EPS, FY2027 earnings at $0.84 EPS and FY2028 earnings at $0.89 EPS.

A number of other research analysts have also recently issued reports on AAV. Scotiabank raised their price objective on Advantage Energy from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$13.00 price objective on shares of Advantage Energy in a research note on Monday, April 8th. CIBC raised their price objective on Advantage Energy from C$10.50 to C$11.00 and gave the company a “neutral” rating in a research note on Monday. TD Securities raised their target price on Advantage Energy from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Desjardins cut their target price on Advantage Energy from C$13.25 to C$13.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$12.50.

Advantage Energy Stock Down 1.0 %

Shares of TSE:AAV opened at C$10.37 on Tuesday. The stock’s 50-day moving average price is C$10.01 and its 200-day moving average price is C$9.47. Advantage Energy has a 12-month low of C$6.79 and a 12-month high of C$11.05. The stock has a market capitalization of C$1.66 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of -3.58 and a beta of 1.65. The company has a current ratio of 1.25, a quick ratio of 0.72 and a debt-to-equity ratio of 22.74.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its quarterly earnings results on Monday, March 4th. The company reported C$0.25 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.06. Advantage Energy had a return on equity of 6.43% and a net margin of 19.94%. The business had revenue of C$147.14 million for the quarter, compared to the consensus estimate of C$141.00 million.

Insiders Place Their Bets

In related news, Director John Larry Festival acquired 40,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was acquired at an average cost of C$9.95 per share, for a total transaction of C$398,000.00. 1.27% 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.