Advantage Energy (AAV) Set to Announce Earnings on Thursday

Advantage Energy (TSE:AAV) (NYSE:AAV) is set to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Advantage Energy to post earnings of C$0.13 per share for the quarter.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings data on Monday, March 4th. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.06. The company had revenue of C$147.14 million for the quarter, compared to analyst estimates of C$141.00 million. Advantage Energy had a return on equity of 6.43% and a net margin of 19.94%.

Advantage Energy Price Performance

Advantage Energy stock opened at C$10.48 on Tuesday. The company has a debt-to-equity ratio of 22.74, a quick ratio of 0.72 and a current ratio of 1.25. The firm has a market cap of C$1.67 billion, a P/E ratio of 17.76, a P/E/G ratio of -3.58 and a beta of 1.65. The business’s fifty day moving average is C$9.95 and its two-hundred day moving average is C$9.45. Advantage Energy has a 52 week low of C$6.79 and a 52 week high of C$11.05.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AAV shares. Stifel Nicolaus dropped their target price on Advantage Energy from C$14.50 to C$13.00 and set a “buy” rating for the company in a research report on Monday, February 5th. CIBC boosted their target price on Advantage Energy from C$10.50 to C$11.00 and gave the stock a “neutral” rating in a research report on Monday. Desjardins dropped their price objective on Advantage Energy from C$13.25 to C$13.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Royal Bank of Canada upped their price objective on Advantage Energy from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a report on Tuesday, March 5th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$13.00 price objective on shares of Advantage Energy in a report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$12.50.

Insiders Place Their Bets

In other Advantage Energy news, Director John Larry Festival purchased 40,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was bought at an average cost of C$9.95 per share, for a total transaction of C$398,000.00. Corporate insiders own 1.27% of the company’s stock.

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.