Equities Analysts Set Expectations for Advantage Energy Ltd.’s Q2 2024 Earnings (TSE:AAV)

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Stock analysts at Cormark issued their Q2 2024 EPS estimates for Advantage Energy in a research note issued to investors on Wednesday, June 19th. Cormark analyst G. Ursu anticipates that the company will post earnings of ($0.08) per share for the quarter. Cormark has a “Buy” rating and a $15.00 price target on the stock. The consensus estimate for Advantage Energy’s current full-year earnings is $0.57 per share. Cormark also issued estimates for Advantage Energy’s Q3 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.26 EPS, FY2024 earnings at $0.43 EPS and FY2025 earnings at $1.34 EPS.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its earnings results on Thursday, April 25th. The company reported C$0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.03. Advantage Energy had a net margin of 18.74% and a return on equity of 6.06%. The business had revenue of C$139.38 million for the quarter, compared to analyst estimates of C$132.00 million.

Several other brokerages have also issued reports on AAV. TD Securities reissued a “buy” rating and issued a C$14.00 price target on shares of Advantage Energy in a report on Wednesday, June 19th. BMO Capital Markets reissued an “outperform” rating and issued a C$13.00 price target on shares of Advantage Energy in a report on Monday, April 8th. Scotiabank boosted their price target on shares of Advantage Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, June 19th. CIBC boosted their price target on shares of Advantage Energy from C$11.00 to C$12.00 and gave the company a “neutral” rating in a report on Wednesday, June 19th. Finally, Royal Bank of Canada boosted their price target on shares of Advantage Energy from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a report on Wednesday, June 19th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.42.

Advantage Energy Trading Down 0.9 %

Shares of Advantage Energy stock opened at C$10.29 on Monday. The firm has a market capitalization of C$1.66 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of -3.58 and a beta of 1.61. The company has a debt-to-equity ratio of 25.01, a current ratio of 0.72 and a quick ratio of 0.72. The company’s fifty day moving average price is C$10.86 and its two-hundred day moving average price is C$9.82. Advantage Energy has a 52-week low of C$7.83 and a 52-week high of C$11.73.

Insider Buying and Selling

In related news, Director Donald M. Clague purchased 5,000 shares of Advantage Energy stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average price of C$10.58 per share, for a total transaction of C$52,900.00. In related news, Director Donald M. Clague purchased 5,000 shares of Advantage Energy stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average price of C$10.58 per share, for a total transaction of C$52,900.00. Also, Senior Officer Geoffrey Keyser purchased 3,000 shares of Advantage Energy stock in a transaction that occurred on Monday, June 17th. The shares were bought at an average price of C$10.15 per share, for a total transaction of C$30,450.00. Insiders have purchased a total of 13,000 shares of company stock worth $134,150 in the last 90 days. Corporate insiders own 1.53% of the company’s stock.

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.