Advantage Energy (AAV) Set to Announce Earnings on Thursday

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

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its quarterly earnings results 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 business 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 Stock Down 0.1 %

Shares of AAV opened at C$10.47 on Wednesday. The firm has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 17.75, a PEG ratio of -3.58 and a beta of 1.65. 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 business’s fifty day moving average price is C$9.98 and its two-hundred day moving average price is C$9.46. Advantage Energy has a 52 week low of C$6.79 and a 52 week high of C$11.05.

Insider Buying and Selling

In other Advantage Energy news, Director John Larry Festival acquired 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were acquired at an average price of C$9.95 per share, with a total value of C$398,000.00. 1.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on AAV. National Bankshares increased their price objective on Advantage Energy from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Friday, April 19th. Raymond James decreased their price objective on Advantage Energy from C$13.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Desjardins decreased their price objective on Advantage Energy from C$13.25 to C$13.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a C$13.00 price objective on shares of Advantage Energy in a research report on Monday, April 8th. Finally, Stifel Nicolaus decreased their price objective on Advantage Energy from C$14.50 to C$13.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$12.50.

Advantage Energy Company Profile

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.