Advantage Energy Ltd. (OTCMKTS:AAVVF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Advantage Energy Ltd. (OTCMKTS:AAVVF) has earned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several research firms have recently weighed in on AAVVF. Scotiabank reaffirmed an “outperform” rating on shares of Advantage Energy in a report on Monday, August 3rd. Raymond James Financial lowered shares of Advantage Energy from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 16th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Advantage Energy in a report on Friday, August 28th.

Advantage Energy Stock Down 0.8%

Shares of AAVVF opened at $7.01 on Monday. Advantage Energy has a 52 week low of $6.72 and a 52 week high of $9.50. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 20.03 and a beta of 0.63. The stock’s 50-day moving average price is $7.76 and its 200-day moving average price is $7.57.

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

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.