Advantage Energy (TSE:AAV) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Advantage Energy (TSE:AAV) (NYSE:AAV) issued its quarterly earnings data on Thursday. The company reported C$0.14 EPS for the quarter, beating the consensus estimate of C$0.11 by C$0.03, reports. The firm had revenue of C$139.38 million during the quarter, compared to the consensus estimate of C$132.00 million. Advantage Energy had a net margin of 19.94% and a return on equity of 6.43%.

Advantage Energy Price Performance

Shares of TSE AAV opened at C$10.84 on Friday. The company has a market capitalization of C$1.73 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of -3.58 and a beta of 1.65. The company has a debt-to-equity ratio of 22.74, a quick ratio of 0.72 and a current ratio of 1.25. The company has a 50 day simple moving average of C$10.06 and a two-hundred day simple moving average of C$9.49. Advantage Energy has a fifty-two week low of C$6.79 and a fifty-two week high of C$11.14.

Insider Activity at Advantage Energy

In other news, Director John Larry Festival purchased 40,000 shares of Advantage Energy stock in a transaction that occurred on Tuesday, March 19th. The stock was bought at an average price of C$9.95 per share, with a total value of C$398,000.00. 1.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AAV. Desjardins lowered their price objective on shares of Advantage Energy from C$13.25 to C$13.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Stifel Nicolaus reduced their price target on shares of Advantage Energy from C$14.50 to C$13.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. TD Securities reiterated a “buy” rating and set a C$14.00 price target on shares of Advantage Energy in a research report on Friday. Scotiabank boosted their price target on shares of Advantage Energy from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 5th. Finally, National Bankshares boosted their price target on shares of Advantage Energy from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Friday, April 19th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.68.

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.