Advantage Energy (AAV) Set to Announce Earnings on Thursday

Advantage Energy (TSE:AAV) (NYSE:AAV) will be releasing 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 released its 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. Advantage Energy had a return on equity of 6.43% and a net margin of 19.94%. The company had revenue of C$147.14 million for the quarter, compared to the consensus estimate of C$141.00 million.

Advantage Energy Trading Down 0.1 %

TSE:AAV opened at C$10.47 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.25 and a debt-to-equity ratio of 22.74. The business’s 50 day moving average is C$9.98 and its two-hundred day moving average is C$9.46. Advantage Energy has a 52 week low of C$6.79 and a 52 week high of C$11.05. The company has a market cap of C$1.67 billion, a PE ratio of 17.75, a P/E/G ratio of -3.58 and a beta of 1.65.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Stifel Nicolaus cut their price target on Advantage Energy from C$14.50 to C$13.00 and set a “buy” rating on the stock in a report on Monday, February 5th. CIBC raised their price target on Advantage Energy from C$10.50 to C$11.00 and gave the stock a “neutral” rating in a report on Monday. Royal Bank of Canada raised their price target on Advantage Energy from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 5th. Scotiabank raised their price target on Advantage Energy from C$16.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 5th. Finally, BMO Capital Markets restated an “outperform” rating and issued a C$13.00 target price on shares of Advantage Energy in a research 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 company’s stock. According to data from MarketBeat.com, Advantage Energy has a consensus rating of “Moderate Buy” and an average target price of C$12.50.

Insider Activity

In other news, Director John Larry Festival purchased 40,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were bought at an average cost of C$9.95 per share, for a total transaction of C$398,000.00. 1.27% of the stock is owned by insiders.

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.