FY2024 EPS Forecast for Advantage Energy Lifted by Analyst

Advantage Energy Ltd. (OTCMKTS:AAVVF) – Investment analysts at Atb Cap Markets upped their FY2024 earnings per share estimates for shares of Advantage Energy in a research note issued on Tuesday, December 10th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings per share of $0.19 for the year, up from their previous estimate of $0.17. The consensus estimate for Advantage Energy’s current full-year earnings is $0.17 per share. Atb Cap Markets also issued estimates for Advantage Energy’s Q4 2024 earnings at $0.17 EPS, Q4 2025 earnings at $0.32 EPS and FY2026 earnings at $1.03 EPS.

Separately, National Bank Financial cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th.

Advantage Energy Price Performance

AAVVF stock opened at $6.19 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a 50 day moving average price of $6.48 and a 200-day moving average price of $6.96. Advantage Energy has a 52-week low of $6.04 and a 52-week high of $8.58. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 30.97 and a beta of 1.58.

Advantage Energy (OTCMKTS:AAVVF) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). Advantage Energy had a return on equity of 2.88% and a net margin of 8.62%. The company had revenue of $106.19 million during the quarter, compared to the consensus estimate of $119.27 million.

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.