Advantage Energy (OTCMKTS:AAVVF) Shares Gap Down – What’s Next?

Shares of Advantage Energy Ltd. (OTCMKTS:AAVVF) gapped down before the market opened on Thursday . The stock had previously closed at $7.79, but opened at $7.32. Advantage Energy shares last traded at $7.32, with a volume of 10,200 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Scotiabank reissued an “outperform” rating on shares of Advantage Energy in a report on Monday, August 3rd. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Advantage Energy in a research note on Friday, August 28th. Finally, Raymond James Financial lowered shares of Advantage Energy from a “moderate buy” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Advantage Energy Stock Performance

The firm has a market capitalization of $1.22 billion, a PE ratio of 20.80 and a beta of 0.63. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $7.80 and a 200 day moving average of $7.59.

Advantage Energy (OTCMKTS:AAVVF) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Advantage Energy had a return on equity of 4.92% and a net margin of 11.58%.The firm had revenue of $137.96 million during the quarter, compared to the consensus estimate of $142.85 million.

About Advantage Energy

Advantage Energy Ltd. is a Canadian energy company engaged in the exploration, development and production of natural gas, natural gas liquids and condensate. The company focuses on developing long-life, low-cost resource assets and sells its production to customers in Canadian and North American energy markets.

Advantage’s principal operations are located in Alberta, particularly its Montney and related resource holdings in the Glacier and Pipestone areas. Its activities include drilling and completing wells, processing and gathering production, and managing the infrastructure required to transport its products to market.

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