Atb Cap Markets Equities Analysts Reduce Earnings Estimates for Advantage Energy Ltd. (TSE:AAV)

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Analysts at Atb Cap Markets lowered their FY2024 earnings per share estimates for Advantage Energy in a research report issued to clients and investors on Sunday, September 15th. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.49 for the year, down from their previous estimate of $0.62.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its quarterly earnings results on Thursday, July 25th. The company reported C($0.07) EPS for the quarter, missing the consensus estimate of C($0.03) by C($0.04). The company had revenue of C$100.66 million for the quarter, compared to analysts’ expectations of C$108.50 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%.

A number of other brokerages have also recently commented on AAV. CIBC reiterated a “neutral” rating and set a C$12.00 target price on shares of Advantage Energy in a report on Thursday, August 29th. TD Securities restated a “buy” rating and set a C$14.00 price objective on shares of Advantage Energy in a report on Friday, July 26th. Royal Bank of Canada upped their target price on Advantage Energy from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 19th. ATB Capital boosted their target price on shares of Advantage Energy from C$13.50 to C$14.00 in a report on Wednesday, July 10th. Finally, Cormark set a C$15.00 price target on shares of Advantage Energy and gave the company a “buy” rating in a research report on Wednesday, June 19th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$13.68.

Advantage Energy Price Performance

AAV stock opened at C$9.01 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86. The company has a market cap of C$1.50 billion, a price-to-earnings ratio of 19.17, a PEG ratio of -3.58 and a beta of 1.48. Advantage Energy has a 12-month low of C$8.02 and a 12-month high of C$11.73. The firm has a 50 day moving average of C$9.57 and a 200-day moving average of C$10.18.

Insider Activity

In other news, Director Jill Terilee Angevine purchased 24,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was acquired at an average cost of C$9.91 per share, for a total transaction of C$237,919.20. In other Advantage Energy news, Director John Festival bought 20,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were bought at an average cost of C$9.58 per share, with a total value of C$191,600.00. Also, Director Jill Terilee Angevine purchased 24,000 shares of Advantage Energy stock in a transaction dated Wednesday, July 10th. The stock was acquired at an average price of C$9.91 per share, for a total transaction of C$237,919.20. In the last 90 days, insiders have purchased 49,435 shares of company stock worth $479,521. 1.53% of the stock is currently owned by corporate insiders.

About Advantage Energy

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.