Advantage Energy (OTCMKTS:AAVVF) Shares Up 4% – Time to Buy?

Advantage Energy Ltd. (OTCMKTS:AAVVF) shot up 4% during trading on Tuesday . The stock traded as high as $8.75 and last traded at $8.75. 106 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 47,983 shares. The stock had previously closed at $8.4150.

Wall Street Analyst Weigh In

AAVVF has been the subject of a number of research analyst reports. Natl Bk Canada cut shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. Zacks Research upgraded Advantage Energy from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Advantage Energy in a research note on Thursday, December 11th. Wall Street Zen downgraded Advantage Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Raymond James Financial raised Advantage Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Advantage Energy Stock Up 4.0%

The firm’s 50-day moving average price is $8.53 and its 200 day moving average price is $8.34. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 35.00 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.40 and a quick ratio of 0.40.

Advantage Energy (OTCMKTS:AAVVF) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. Advantage Energy had a return on equity of 3.75% and a net margin of 9.39%.The firm had revenue of $93.92 million during the quarter, compared to the consensus estimate of $160.90 million. Sell-side analysts expect that Advantage Energy Ltd. will post 0.19 EPS for the current year.

About Advantage Energy

Advantage Energy Ltd. is a Calgary-based exploration and production company focused on the development of natural gas, condensate and natural gas liquids (NGLs) in the Montney formation of western Canada. The company holds and operates an extensive land position across northeast British Columbia and northwest Alberta, where it employs multi-stage fracturing and horizontal drilling techniques to optimize recovery from low-permeability reservoirs. Advantage Energy’s asset portfolio is structured to deliver stable gas production alongside enhanced liquids yields, supporting its strategy of balancing volume growth with cash-flow generation.

Advantage Energy’s operations are anchored in its core Montney acreage, where it has established several gas processing and compression facilities to gather, treat and market its production.