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

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Stock analysts at Atb Cap Markets dropped their Q2 2024 earnings per share estimates for Advantage Energy in a research note issued on Tuesday, July 9th. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.03 per share for the quarter, down from their prior estimate of $0.20. The consensus estimate for Advantage Energy’s current full-year earnings is $0.57 per share. Atb Cap Markets also issued estimates for Advantage Energy’s Q3 2024 earnings at $0.30 EPS, Q4 2024 earnings at $0.40 EPS and FY2024 earnings at $0.88 EPS.

A number of other equities analysts also recently commented on the company. ATB Capital lifted their target price on Advantage Energy from C$13.50 to C$14.00 in a research note on Wednesday. Cormark set a C$15.00 target price on Advantage Energy and gave the company a “buy” rating in a research note on Wednesday, June 19th. Royal Bank of Canada lifted 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. BMO Capital Markets restated an “outperform” rating and issued a C$13.00 target price on shares of Advantage Energy in a research note on Monday, April 8th. Finally, TD Securities restated a “buy” rating and issued a C$14.00 target price on shares of Advantage Energy in a research note on Wednesday, June 19th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Advantage Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$13.68.

Advantage Energy Stock Down 1.0 %

TSE:AAV opened at C$9.94 on Friday. The company has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of -3.58 and a beta of 1.61. Advantage Energy has a one year low of C$8.02 and a one year high of C$11.73. The stock has a 50-day simple moving average of C$10.78 and a 200 day simple moving average of C$10.00. The company has a debt-to-equity ratio of 25.01, a quick ratio of 0.72 and a current ratio of 0.72.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings results on Thursday, April 25th. The company reported C$0.14 EPS for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.03. The business had revenue of C$139.38 million during the quarter, compared to the consensus estimate of C$132.00 million. Advantage Energy had a return on equity of 6.06% and a net margin of 18.74%.

Insider Activity

In other news, Director Stephen Balog bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were purchased at an average price of C$10.16 per share, with a total value of C$50,800.00. In other news, Director Stephen Balog bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were purchased at an average price of C$10.16 per share, with a total value of C$50,800.00. Also, Director Jill Terilee Angevine bought 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were purchased at an average cost of C$9.91 per share, for a total transaction of C$237,919.20. Over the last 90 days, insiders have acquired 37,000 shares of company stock valued at $372,069. Insiders own 1.53% 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.