Advantage Energy Ltd. (OTCMKTS:AAVVF) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

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

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

Advantage Energy Stock Performance

Shares of AAVVF opened at $7.05 on Monday. The company has a market cap of $1.18 billion, a PE ratio of 20.14 and a beta of 0.63. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $7.74 and a 200-day moving average price of $7.56. Advantage Energy has a 12-month low of $3.56 and a 12-month high of $9.50.

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

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.