Advantage Energy Ltd. (TSE:AAV) Expected to Post Q3 2024 Earnings of $0.03 Per Share

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Analysts at Atb Cap Markets decreased their Q3 2024 earnings per share estimates for Advantage Energy in a research report issued on Thursday, October 10th. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.03 per share for the quarter, down from their prior forecast of $0.06. The consensus estimate for Advantage Energy’s current full-year earnings is $1.47 per share. Atb Cap Markets also issued estimates for Advantage Energy’s Q4 2024 earnings at $0.32 EPS, FY2024 earnings at $0.42 EPS, Q1 2025 earnings at $0.38 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.44 EPS, FY2025 earnings at $1.54 EPS and FY2026 earnings at $1.46 EPS.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released 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 return on equity of 5.02% and a net margin of 16.05%. The firm had revenue of C$100.66 million for the quarter, compared to analyst estimates of C$108.50 million.

A number of other research firms have also issued reports on AAV. BMO Capital Markets decreased their target price on Advantage Energy from C$13.00 to C$12.00 in a report on Friday, October 4th. Scotiabank lifted their target price on Advantage Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, June 19th. TD Securities reiterated a “buy” rating and issued a C$13.00 target price on shares of Advantage Energy in a report on Wednesday, October 9th. CIBC restated a “neutral” rating and issued a C$12.00 price target on shares of Advantage Energy in a research note on Thursday, August 29th. Finally, National Bank Financial cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Advantage Energy presently has an average rating of “Moderate Buy” and an average target price of C$13.21.

Advantage Energy Stock Up 1.2 %

TSE:AAV opened at C$9.37 on Monday. The stock has a market capitalization of C$1.56 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The stock’s fifty day moving average is C$9.35 and its two-hundred day moving average is C$10.10. Advantage Energy has a 52 week low of C$8.02 and a 52 week high of C$11.73. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 46.86.

Insider Transactions at Advantage Energy

In other news, Director John Festival bought 20,000 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were acquired at an average price of C$8.94 per share, for a total transaction of C$178,800.00. In related news, Senior Officer Donald Craig Blackwood purchased 5,435 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of C$9.20 per share, for a total transaction of C$50,002.00. Also, Director John Festival purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average price of C$8.94 per share, for a total transaction of C$178,800.00. Over the last 90 days, insiders have bought 45,435 shares of company stock worth $420,402. Corporate insiders own 1.55% of the company’s stock.

Advantage Energy Company Profile

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.