Advantage Energy (OTCMKTS:AAVVF) Announces Earnings Results, Beats Estimates By $0.29 EPS

Advantage Energy (OTCMKTS:AAVVF) announced its quarterly earnings data on Thursday. The company reported $0.24 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.29, Zacks reports. Advantage Energy had a net margin of 17.86% and a return on equity of 8.14%. The company had revenue of $133.21 million for the quarter, compared to the consensus estimate of $136.83 million.

Advantage Energy Price Performance

OTCMKTS AAVVF opened at $8.23 on Friday. Advantage Energy has a one year low of $6.72 and a one year high of $9.50. The stock has a 50-day moving average of $7.56 and a 200 day moving average of $7.61. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.95 and a beta of 0.76. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.34 and a current ratio of 0.34.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Raymond James Financial cut shares of Advantage Energy from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 16th. Scotiabank reiterated an “outperform” rating on shares of Advantage Energy in a report on Monday, August 3rd. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Advantage Energy in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Advantage Energy has an average rating of “Moderate Buy”.

About Advantage Energy

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.