Advantage Energy (OTCMKTS:AAVVF) Downgraded to “Hold” Rating by Natl Bk Canada

Natl Bk Canada cut shares of Advantage Energy (OTCMKTS:AAVVF) from a strong-buy rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

A number of other brokerages have also recently commented on AAVVF. Zacks Research cut shares of Advantage Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Wall Street Zen downgraded shares of Advantage Energy from a “buy” rating to a “hold” rating in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Advantage Energy Stock Down 0.5%

AAVVF stock opened at $8.67 on Wednesday. The stock has a market capitalization of $1.45 billion, a PE ratio of 34.68 and a beta of 0.82. Advantage Energy has a 52 week low of $5.54 and a 52 week high of $9.25. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $8.35 and a 200 day moving average of $8.23.

Advantage Energy (OTCMKTS:AAVVF) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. Advantage Energy had a return on equity of 3.78% and a net margin of 9.39%.The business had revenue of $93.92 million for the quarter, compared to analyst estimates of $160.90 million. Sell-side analysts forecast that Advantage Energy will post 0.19 earnings per share for the current year.

About Advantage Energy

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.