Advantage Energy Ltd. (AAVVF) – What Are Analysts Thinking About This Stock?

Advantage Energy Ltd. (OTCMKTS:AAVVF) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several brokerages have recently weighed in on AAVVF. Scotiabank restated an “outperform” rating on shares of Advantage Energy in a report on Monday, August 3rd. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Advantage Energy in a research note on Friday, August 28th. Finally, Raymond James Financial downgraded shares of Advantage Energy from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 16th.

Advantage Energy Stock Down 0.1%

Shares of Advantage Energy stock traded down $0.01 during midday trading on Tuesday, hitting $7.63. The company had a trading volume of 95,707 shares, compared to its average volume of 102,182. Advantage Energy has a 52-week low of $6.72 and a 52-week high of $9.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $1.25 billion, a P/E ratio of 12.93 and a beta of 0.70. The company has a 50 day moving average of $7.48 and a 200 day moving average of $7.59.

Advantage Energy (OTCMKTS:AAVVF) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.29. Advantage Energy had a return on equity of 8.14% and a net margin of 17.86%. The business had revenue of $133.21 million during the quarter, compared to analysts’ expectations of $136.83 million. On average, equities analysts predict that Advantage Energy will post 0.43 earnings per share for the current fiscal year.

About Advantage Energy

Advantage Energy Ltd. is a Canadian energy company focused on the exploration, development and production of natural gas and associated liquids. Its products include natural gas, condensate and natural gas liquids, which are used in energy and industrial markets. The company’s operations are concentrated in Alberta’s Montney region, including the Glacier area. Advantage develops and operates wells and related infrastructure to produce and process these resources. Previously known as Advantage Oil & Gas Ltd., the company adopted the Advantage Energy name in 2021.