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

Advantage Energy Ltd. (OTCMKTS:AAVVF) shares gapped down before the market opened on Tuesday . The stock had previously closed at $8.5080, but opened at $8.04. Advantage Energy shares last traded at $8.04, with a volume of 150 shares traded.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AAVVF. Wall Street Zen lowered Advantage Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Zacks Research lowered shares of Advantage Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Advantage Energy Stock Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a 50 day simple moving average of $8.29 and a two-hundred day simple moving average of $8.18. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 32.16 and a beta of 0.82.

Advantage Energy (OTCMKTS:AAVVF) last posted its earnings results on Tuesday, October 28th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $93.92 million for the quarter, compared to the consensus estimate of $160.90 million. Advantage Energy had a net margin of 9.39% and a return on equity of 3.78%. As a group, analysts anticipate that Advantage Energy Ltd. 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.