Advantage Energy (OTCMKTS:AAVVF) Shares Climb 6.4% After Strong Earnings

Advantage Energy Ltd. (OTCMKTS:AAVVF)’s share price traded up 6.4% during trading on Friday following a better than expected earnings announcement. The stock traded as high as $8.29 and last traded at $8.29. 19,256 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 103,962 shares. The stock had previously closed at $7.79.

The company reported $0.24 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.32. Advantage Energy had a return on equity of 4.92% and a net margin of 11.58%. The firm had revenue of $133.21 million for the quarter, compared to analysts’ expectations of $136.83 million.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Scotiabank reiterated an “outperform” rating on shares of Advantage Energy in a research report on Monday, August 3rd. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Advantage Energy in a report on Friday, August 28th. Finally, Raymond James Financial downgraded shares of Advantage Energy from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Advantage Energy presently has a consensus rating of “Moderate Buy”.

Advantage Energy Price Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 0.34 and a quick ratio of 0.34. The business’s 50-day simple moving average is $7.56 and its two-hundred day simple moving average is $7.61. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 23.69 and a beta of 0.76.

About Advantage Energy

Advantage Energy Ltd. is a Canadian natural gas and liquids producer headquartered in Calgary, Alberta. The company develops and produces natural gas, natural gas liquids and condensate, with a focus on the Montney resource in western Canada.

Advantage’s principal operations are located in the Glacier region of Alberta, where it owns and operates infrastructure supporting drilling, processing and transportation. Its production is marketed to customers in Canada and the United States through regional pipeline and natural gas networks.

The company was formerly known as Advantage Oil & Gas Ltd.