Advantage Energy (OTCMKTS:AAVVF) Stock Price Down 5.3% – Here’s Why

Advantage Energy Ltd. (OTCMKTS:AAVVF)’s share price fell 5.3% during trading on Wednesday . The stock traded as low as $7.38 and last traded at $7.38. Approximately 56,300 shares were traded during trading, a decline of 47% from the average daily volume of 106,144 shares. The stock had previously closed at $7.79.

Wall Street Analyst Weigh In

Several analysts recently commented on AAVVF shares. Raymond James Financial lowered Advantage Energy from a “moderate buy” rating to a “hold” rating in a research note on Wednesday. Scotiabank reissued an “outperform” rating on shares of Advantage Energy in a report on Monday, August 3rd. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Advantage Energy in a report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Advantage Energy currently has a consensus rating of “Moderate Buy”.

Advantage Energy Price Performance

The stock has a market capitalization of $1.22 billion, a P/E ratio of 20.83 and a beta of 0.63. The company’s 50 day simple moving average is $7.80 and its two-hundred day simple moving average is $7.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.34 and a quick ratio of 0.34.

Advantage Energy (OTCMKTS:AAVVF) last posted its earnings results on Thursday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. The company had revenue of $137.96 million during the quarter, compared to analysts’ expectations of $142.85 million. Advantage Energy had a net margin of 11.58% and a return on equity of 4.92%.

Advantage Energy Company Profile

Advantage Energy Ltd. is a Canadian energy company engaged in the exploration, development and production of natural gas, natural gas liquids and condensate. The company focuses on developing long-life, low-cost resource assets and sells its production to customers in Canadian and North American energy markets.

Advantage’s principal operations are located in Alberta, particularly its Montney and related resource holdings in the Glacier and Pipestone areas. Its activities include drilling and completing wells, processing and gathering production, and managing the infrastructure required to transport its products to market.

The company was formerly known as Advantage Oil & Gas Ltd.