Advantage Energy (OTCMKTS:AAVVF) Issues Earnings Results, Beats Estimates By $0.32 EPS

Advantage Energy (OTCMKTS:AAVVF) released its quarterly earnings results on Thursday. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.32, Zacks reports. Advantage Energy had a net margin of 11.58% and a return on equity of 4.92%.

Advantage Energy Trading Up 1.3%

Shares of AAVVF traded up $0.10 during trading on Thursday, reaching $7.79. 144,998 shares of the company traded hands, compared to its average volume of 104,422. The stock has a 50-day simple moving average of $7.56 and a 200-day simple moving average of $7.61. Advantage Energy has a twelve month low of $6.72 and a twelve month high of $9.50. The stock has a market cap of $1.30 billion, a PE ratio of 22.26 and a beta of 0.76. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.34.

Analyst Ratings Changes

Several research firms have recently issued reports on AAVVF. Raymond James Financial lowered shares of Advantage Energy from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 16th. Scotiabank reiterated an “outperform” rating on shares of Advantage Energy in a research note on Monday, August 3rd. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Advantage Energy in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Advantage Energy Company Profile

Advantage Energy Ltd. is a Canadian natural gas and liquids producer headquartered in Calgary, Alberta. The company develops and produces natural gas, natural gas liquids and condensate, with a focus on the Montney resource in western Canada.

Advantage’s principal operations are located in the Glacier region of Alberta, where it owns and operates infrastructure supporting drilling, processing and transportation. Its production is marketed to customers in Canada and the United States through regional pipeline and natural gas networks.

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