Advantage Energy Ltd. (TSE:AAV) to Post Q3 2024 Earnings of $0.06 Per Share, Atb Cap Markets Forecasts

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Investment analysts at Atb Cap Markets dropped their Q3 2024 earnings per share estimates for Advantage Energy in a report issued on Sunday, September 15th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings of $0.06 per share for the quarter, down from their prior estimate 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). The company had revenue of C$100.66 million during the quarter, compared to analyst estimates of C$108.50 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%.

Several other research firms also recently issued reports on AAV. 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. Scotiabank boosted their target price on shares of Advantage Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, June 19th. National Bankshares raised their price target on shares of Advantage Energy from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 19th. ATB Capital lifted their price objective on shares of Advantage Energy from C$13.50 to C$14.00 in a research note on Wednesday, July 10th. Finally, TD Securities reissued a “buy” rating and issued a C$14.00 price objective on shares of Advantage Energy in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Advantage Energy presently has an average rating of “Moderate Buy” and a consensus price target of C$13.68.

Advantage Energy Price Performance

Advantage Energy has a 1-year low of C$8.02 and a 1-year high of C$11.73. The stock’s 50-day moving average price is C$9.57 and its 200 day moving average price is C$10.18. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86. The company has a market capitalization of C$1.53 billion, a PE ratio of 19.21, a PEG ratio of -3.58 and a beta of 1.48.

Insider Buying and Selling

In related news, Senior Officer Donald Craig Blackwood bought 5,435 shares of the business’s stock in a transaction 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. In related news, Director John Festival bought 20,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average cost of C$9.58 per share, with a total value of C$191,600.00. Also, Senior Officer Donald Craig Blackwood acquired 5,435 shares of the stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of C$9.20 per share, with a total value of C$50,002.00. Insiders purchased a total of 49,435 shares of company stock worth $479,521 in the last three months. 1.53% of the stock is owned by corporate insiders.

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.