Advantage Energy (TSE:AAV) Posts Earnings Results

Advantage Energy (TSE:AAV) (NYSE:AAV) issued its quarterly earnings data on Thursday. The company reported C$0.33 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$166.32 million for the quarter. Advantage Energy had a net margin of 12.02% and a return on equity of 4.91%.

Advantage Energy Stock Performance

TSE:AAV opened at C$10.93 on Friday. The firm’s fifty day simple moving average is C$10.59 and its 200 day simple moving average is C$10.56. Advantage Energy has a 1 year low of C$9.19 and a 1 year high of C$13.20. The company has a current ratio of 0.34, a quick ratio of 0.72 and a debt-to-equity ratio of 55.11. The firm has a market capitalization of C$1.83 billion, a PE ratio of 22.31, a PEG ratio of -3.58 and a beta of -0.47.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Ventum Financial set a C$13.50 target price on Advantage Energy and gave the stock a “buy” rating in a research note on Friday, October 23rd. Raymond James Financial downgraded Advantage Energy from a “moderate buy” rating to a “hold” rating and cut their price target for the stock from C$14.00 to C$13.00 in a report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$13.79.

Advantage Energy Company Profile

Advantage Energy Ltd supplies clean, affordable, reliable, and sustainable Canadian energy to power the needs of Canada and the world. It is focused on the development and delineation of its Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla, and Progress, Alberta.