TSE:AAV FY2024 EPS Forecast Increased by Atb Cap Markets

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Atb Cap Markets boosted their FY2024 earnings per share (EPS) estimates for Advantage Energy in a report released on Tuesday, December 10th. Atb Cap Markets analyst A. Arif now anticipates that the company will earn $0.27 per share for the year, up from their previous forecast of $0.24. The consensus estimate for Advantage Energy’s current full-year earnings is $1.47 per share. Atb Cap Markets also issued estimates for Advantage Energy’s Q4 2024 earnings at $0.24 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.25 EPS and FY2026 earnings at $1.46 EPS.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings data on Thursday, October 24th. The company reported C($0.04) earnings per share for the quarter, missing the consensus estimate of C$0.03 by C($0.07). Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. The company had revenue of C$144.86 million during the quarter, compared to the consensus estimate of C$161.10 million.

Several other analysts have also recently weighed in on the company. TD Securities reaffirmed a “buy” rating and issued a C$13.00 price target on shares of Advantage Energy in a report on Wednesday, October 9th. Cormark upgraded shares of Advantage Energy to a “moderate buy” rating in a research note on Monday, September 23rd. National Bank Financial cut shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. BMO Capital Markets decreased their price objective on shares of Advantage Energy from C$13.00 to C$12.00 in a research report on Friday, October 4th. Finally, National Bankshares dropped their price target on Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$13.21.

Advantage Energy Price Performance

Shares of TSE:AAV opened at C$8.94 on Friday. Advantage Energy has a twelve month low of C$8.02 and a twelve month high of C$11.73. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 46.86. The stock’s 50 day moving average is C$9.07 and its 200-day moving average is C$9.71. The firm has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 19.02, a PEG ratio of -3.58 and a beta of 1.46.

Insider Buying and Selling at Advantage Energy

In other Advantage Energy news, Director John Festival acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average cost of C$8.80 per share, for a total transaction of C$176,000.00. Also, Senior Officer Geoffrey Keyser bought 4,000 shares of Advantage Energy stock in a transaction on Monday, October 28th. The stock was acquired at an average price of C$8.89 per share, for a total transaction of C$35,540.00. In the last 90 days, insiders have bought 72,000 shares of company stock worth $637,050. Corporate insiders own 1.55% of the company’s stock.

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.