Atb Cap Markets Weighs in on Advantage Energy Ltd.’s Q3 2024 Earnings (TSE:AAV)

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Research analysts at Atb Cap Markets dropped their Q3 2024 earnings per share (EPS) estimates for shares of Advantage Energy in a research note issued to investors on Sunday, September 15th. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.06 per share for the quarter, down from their prior forecast of $0.18. Atb Cap Markets also issued estimates for Advantage Energy’s Q2 2025 earnings at $0.35 EPS, FY2025 earnings at $1.60 EPS, FY2026 earnings at $1.49 EPS and FY2027 earnings at $1.36 EPS.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings results on Thursday, July 25th. The company reported C($0.07) EPS for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04). Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. The business had revenue of C$100.66 million for the quarter, compared to the consensus estimate of C$108.50 million.

A number of other equities analysts also recently issued reports on AAV. National Bankshares lifted their price target on Advantage Energy from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research note on Wednesday, June 19th. Royal Bank of Canada lifted their target price on Advantage Energy from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 19th. Cormark set a C$15.00 price target on Advantage Energy and gave the company a “buy” rating in a research report on Wednesday, June 19th. CIBC reiterated a “neutral” rating and issued a C$12.00 target price on shares of Advantage Energy in a research note on Thursday, August 29th. Finally, ATB Capital increased their target price on shares of Advantage Energy from C$13.50 to C$14.00 in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$13.68.

Advantage Energy Price Performance

The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86. Advantage Energy has a 52-week low of C$8.02 and a 52-week high of C$11.73. The company has a market capitalization of C$1.53 billion, a P/E ratio of 19.21, a PEG ratio of -3.58 and a beta of 1.48. The stock’s 50 day simple moving average is C$9.57 and its 200-day simple moving average is C$10.18.

Insider Buying and Selling at Advantage Energy

In related news, Director Jill Terilee Angevine purchased 24,000 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was bought at an average price of C$9.91 per share, for a total transaction of C$237,919.20. In other news, Director Jill Terilee Angevine purchased 24,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were purchased at an average price of C$9.91 per share, with a total value of C$237,919.20. Also, Senior Officer Donald Craig Blackwood purchased 5,435 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of C$9.20 per share, with a total value of C$50,002.00. Insiders have purchased a total of 49,435 shares of company stock worth $479,521 over the last three months. 1.53% of the stock is currently owned by insiders.

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.