Advantage Energy (OTCMKTS:AAVVF) Shares Gap Down – Time to Sell?

Advantage Energy Ltd. (OTCMKTS:AAVVF) gapped down prior to trading on Thursday . The stock had previously closed at $7.79, but opened at $7.32. Advantage Energy shares last traded at $7.32, with a volume of 10,200 shares.

Analysts Set New Price Targets

AAVVF has been the topic of several analyst reports. Raymond James Financial cut shares of Advantage Energy from a “moderate buy” rating to a “hold” rating in a report on Wednesday. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Advantage Energy in a research note on Friday, August 28th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Advantage Energy in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Advantage Energy Price Performance

The stock has a market cap of $1.22 billion, a PE ratio of 20.80 and a beta of 0.63. 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 firm’s 50 day moving average price is $7.80 and its two-hundred day moving average price is $7.59.

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

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.