Advantage Energy (TSE:AAV) Releases Earnings Results

Advantage Energy (TSE:AAV) (NYSE:AAV) announced its quarterly earnings data on Thursday. The company reported C$0.27 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$178.76 million for the quarter. Advantage Energy had a net margin of 16.83% and a return on equity of 6.59%.

Advantage Energy Price Performance

AAV stock traded down C$0.04 on Thursday, reaching C$10.73. 418,722 shares of the company’s stock were exchanged, compared to its average volume of 974,896. The firm has a market cap of C$1.80 billion, a PE ratio of 16.51, a P/E/G ratio of -3.58 and a beta of -0.52. Advantage Energy has a twelve month low of C$9.19 and a twelve month high of C$13.20. The stock has a fifty day moving average of C$10.30 and a 200-day moving average of C$10.52. The company has a quick ratio of 0.72, a current ratio of 0.38 and a debt-to-equity ratio of 48.61.

Insider Activity at Advantage Energy

In other news, insider Donald Craig Blackwood acquired 10,000 shares of Advantage Energy stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average cost of C$9.55 per share, with a total value of C$95,500.00. Following the completion of the acquisition, the insider owned 1,109,248 shares in the company, valued at C$10,593,318.40. This trade represents a 0.91% increase in their position. Also, insider Darren Tisdale acquired 4,100 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was acquired at an average price of C$9.60 per share, for a total transaction of C$39,360.00. Following the completion of the transaction, the insider directly owned 217,782 shares in the company, valued at approximately C$2,090,707.20. This represents a 1.92% increase in their ownership of the stock. Insiders bought a total of 71,195 shares of company stock worth $684,488 in the last ninety days. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. BMO Capital Markets downgraded Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price objective on the stock. in a report on Tuesday, April 7th. Scotiabank upgraded shares of Advantage Energy to a “strong-buy” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Advantage Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.17.

Advantage Energy Company Profile

Advantage Energy Ltd supplies clean, affordable, reliable, and sustainable Canadian energy to power the needs of Canada and the world. It is focused on the development and delineation of its Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla, and Progress, Alberta.