Advantage Energy (OTCMKTS:AAVVF) Shares Gap Down – Time to Sell?

Advantage Energy Ltd. (OTCMKTS:AAVVF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $8.9950, but opened at $8.69. Advantage Energy shares last traded at $8.71, with a volume of 300 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AAVVF. Wall Street Zen downgraded Advantage Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Natl Bk Canada lowered Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. Finally, Zacks Research cut Advantage Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Advantage Energy currently has a consensus rating of “Hold”.

Advantage Energy Stock Performance

The business’s 50-day simple moving average is $8.40 and its two-hundred day simple moving average is $8.27. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.37. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 34.84 and a beta of 0.91.

Advantage Energy (OTCMKTS:AAVVF) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $93.92 million during the quarter, compared to analyst estimates of $160.90 million. Advantage Energy had a return on equity of 3.75% and a net margin of 9.39%. As a group, sell-side analysts expect that Advantage Energy Ltd. will post 0.19 earnings per share for the current fiscal year.

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.