Advantage Energy (AAVVF) Set to Post Earnings on Thursday

Advantage Energy (OTCMKTS:AAVVF) will likely be announcing its results after the market closes on Thursday, October 29th. Analysts expect Advantage Energy to post earnings of ($0.0772) per share and revenue of $136.83 million for the quarter.

Advantage Energy (OTCMKTS:AAVVF) last posted its earnings results on Thursday, July 30th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. The company had revenue of $137.96 million for the quarter, compared to the consensus estimate of $142.85 million. Advantage Energy had a return on equity of 4.92% and a net margin of 11.58%. On average, analysts expect Advantage Energy to post $0.16 EPS for the current fiscal year and $0.55 EPS for the next fiscal year.

Advantage Energy Price Performance

Shares of OTCMKTS AAVVF opened at $7.72 on Tuesday. The firm has a market cap of $1.29 billion, a P/E ratio of 22.06 and a beta of 0.76. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.34. Advantage Energy has a 1-year low of $6.72 and a 1-year high of $9.50. The business’s 50 day moving average is $7.57 and its 200-day moving average is $7.61.

Analysts Set New Price Targets

AAVVF has been the topic of a number of research reports. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Advantage Energy in a report on Friday, August 28th. Raymond James Financial downgraded Advantage Energy from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 16th. Finally, Scotiabank restated an “outperform” rating on shares of Advantage Energy in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Advantage Energy Company Profile

Advantage Energy Ltd. is a Canadian natural gas and liquids producer headquartered in Calgary, Alberta. The company develops and produces natural gas, natural gas liquids and condensate, with a focus on the Montney resource in western Canada.

Advantage’s principal operations are located in the Glacier region of Alberta, where it owns and operates infrastructure supporting drilling, processing and transportation. Its production is marketed to customers in Canada and the United States through regional pipeline and natural gas networks.

The company was formerly known as Advantage Oil & Gas Ltd.