Advantage Energy (TSE:AAV) Issues Quarterly Earnings Results

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

Advantage Energy Stock Up 1.4%

Shares of Advantage Energy stock traded up C$0.15 on Thursday, hitting C$10.93. The company had a trading volume of 995,693 shares, compared to its average volume of 895,022. The stock has a 50-day moving average of C$10.59 and a 200-day moving average of C$10.56. The company has a debt-to-equity ratio of 55.11, a current ratio of 0.34 and a quick ratio of 0.72. Advantage Energy has a twelve month low of C$9.19 and a twelve month high of C$13.20. The firm has a market capitalization of C$1.83 billion, a P/E ratio of 22.31, a P/E/G ratio of -3.58 and a beta of -0.47.

Analyst Ratings Changes

Several equities research analysts have issued reports on AAV shares. Ventum Financial set a C$13.50 price target on Advantage Energy and gave the stock a “buy” rating in a report on Friday, October 23rd. Raymond James Financial lowered Advantage Energy from a “moderate buy” rating to a “hold” rating and dropped their price target for the stock from C$14.00 to C$13.00 in a research report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Advantage Energy currently has a consensus rating of “Moderate Buy” and a consensus target price 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.