Advantage Energy (OTCMKTS:AAVVF) Shares Gap Down – Here’s What Happened

Shares of Advantage Energy Ltd. (OTCMKTS:AAVVF) gapped down before the market opened on Wednesday . The stock had previously closed at $8.9950, but opened at $8.69. Advantage Energy shares last traded at $8.71, with a volume of 300 shares.

Analysts Set New Price Targets

AAVVF has been the subject of several analyst reports. Zacks Research lowered Advantage Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Natl Bk Canada cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, Wall Street Zen lowered Advantage Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Advantage Energy currently has an average rating of “Hold”.

Advantage Energy Stock Performance

The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 34.84 and a beta of 0.91. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average of $8.40 and a 200-day moving average of $8.27.

Advantage Energy (OTCMKTS:AAVVF) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $93.92 million for the quarter, compared to the consensus estimate of $160.90 million. Advantage Energy had a return on equity of 3.75% and a net margin of 9.39%. As a group, sell-side analysts predict that Advantage Energy Ltd. will post 0.19 earnings per share for the current year.

Advantage Energy Company Profile

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.