Advantage Energy (TSE:AAV) Announces Quarterly Earnings Results

Advantage Energy (TSE:AAV) (NYSE:AAV) posted its earnings results on Thursday. The company reported C$0.33 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$166.32 million for the quarter. Advantage Energy had a net margin of 12.02% and a return on equity of 4.91%.

Advantage Energy Stock Up 5.1%

TSE AAV opened at C$11.49 on Friday. The stock’s 50-day moving average price is C$10.60 and its 200-day moving average price is C$10.57. The company has a quick ratio of 0.72, a current ratio of 0.34 and a debt-to-equity ratio of 55.11. Advantage Energy has a 52 week low of C$9.19 and a 52 week high of C$13.20. The company has a market capitalization of C$1.93 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of -3.58 and a beta of -0.47.

Analyst Upgrades and Downgrades

A number of analysts have commented on AAV shares. Raymond James Financial cut shares of Advantage Energy from a “moderate buy” rating to a “hold” rating and reduced their target price for the company from C$14.00 to C$13.00 in a report on Wednesday, September 16th. Ventum Financial set a C$13.50 price target on shares of Advantage Energy and gave the stock a “buy” rating in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$13.79.

About Advantage Energy

Advantage Energy Ltd supplies clean, affordable, reliable, and sustainable Canadian energy to power the needs of Canada and the world. It is focused on the development and delineation of its Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla, and Progress, Alberta.