Advantage Energy (OTCMKTS:AAVVF) Issues Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Advantage Energy (OTCMKTS:AAVVF) posted its earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05), reports. Advantage Energy had a return on equity of 5.13% and a net margin of 15.40%. The business had revenue of $106.19 million for the quarter, compared to analyst estimates of $119.27 million.

Advantage Energy Stock Down 0.9 %

Shares of AAVVF stock traded down $0.06 on Friday, reaching $6.54. 62,684 shares of the stock were exchanged, compared to its average volume of 40,898. Advantage Energy has a twelve month low of $5.90 and a twelve month high of $8.58. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 15.57 and a beta of 1.61. The business’s 50 day moving average price is $6.83 and its 200 day moving average price is $7.33. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38.

Analyst Ratings Changes

Separately, National Bank Financial downgraded shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th.

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.