Advantage Energy (TSE:AAV) Posts Quarterly Earnings Results

Advantage Energy (TSE:AAV) (NYSE:AAV) announced its earnings results on Thursday. The company reported C$0.17 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$193.20 million during the quarter. Advantage Energy had a return on equity of 3.19% and a net margin of 7.80%.

Advantage Energy Price Performance

Shares of AAV traded down C$0.01 during trading hours on Thursday, hitting C$10.33. 918,237 shares of the stock were exchanged, compared to its average volume of 961,394. The company has a debt-to-equity ratio of 52.03, a quick ratio of 0.72 and a current ratio of 0.39. Advantage Energy has a 12-month low of C$9.19 and a 12-month high of C$13.20. The company has a market cap of C$1.73 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of -3.58 and a beta of -0.25. The stock’s 50-day moving average price is C$10.56 and its two-hundred day moving average price is C$11.19.

Analyst Upgrades and Downgrades

AAV has been the subject of several research analyst reports. National Bank Financial raised Advantage Energy from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$14.00 to C$15.00 in a research note on Friday, February 13th. ATB Cormark Capital Markets downgraded Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and reduced their target price for the stock from C$15.00 to C$14.00 in a research note on Friday, February 13th. Finally, BMO Capital Markets downgraded Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 target price for the company. in a research note on Tuesday, April 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$13.88.

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.