Advantage Energy (TSE:AAV) Issues Quarterly Earnings Results

Advantage Energy (TSE:AAV) (NYSE:AAV) issued its earnings results on Thursday. The company reported C$0.27 earnings per share for the quarter, FiscalAI reports. Advantage Energy had a net margin of 16.83% and a return on equity of 6.59%. The business had revenue of C$178.76 million for the quarter.

Advantage Energy Price Performance

Shares of TSE:AAV opened at C$10.73 on Friday. The company has a market cap of C$1.80 billion, a P/E ratio of 16.51, a P/E/G ratio of -3.58 and a beta of -0.52. The business has a fifty day simple moving average of C$10.31 and a 200-day simple moving average of C$10.51. Advantage Energy has a 52 week low of C$9.19 and a 52 week high of C$13.20. The company has a quick ratio of 0.72, a current ratio of 0.38 and a debt-to-equity ratio of 48.61.

Insiders Place Their Bets

In related news, insider Darren Tisdale acquired 4,100 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average price of C$9.60 per share, with a total value of C$39,360.00. Following the purchase, the insider directly owned 217,782 shares in the company, valued at C$2,090,707.20. The trade was a 1.92% increase in their position. Also, Director Donald M. Clague bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of C$9.92 per share, for a total transaction of C$49,600.00. Following the completion of the transaction, the director directly owned 90,000 shares of the company’s stock, valued at approximately C$892,800. The trade was a 5.88% increase in their position. Insiders bought a total of 71,195 shares of company stock valued at $684,488 in the last quarter. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AAV shares. BMO Capital Markets lowered Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price objective on the stock. in a research note on Tuesday, April 7th. Scotiabank raised shares of Advantage Energy to a “strong-buy” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$14.17.

Advantage Energy Company Profile

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.