FY2023 EPS Estimates for Advantage Energy Ltd. (TSE:AAV) Raised by Stifel Firstegy

Advantage Energy Ltd. (TSE:AAVGet Rating) (NYSE:AAV) – Stock analysts at Stifel Firstegy raised their FY2023 earnings per share (EPS) estimates for Advantage Energy in a research note issued to investors on Thursday, May 19th. Stifel Firstegy analyst R. Fitzmartyn now anticipates that the company will post earnings of $1.64 per share for the year, up from their prior estimate of $1.50.

Other analysts also recently issued reports about the company. National Bankshares cut their target price on Advantage Energy from C$12.50 to C$11.00 in a research note on Thursday, April 14th. BMO Capital Markets raised their target price on Advantage Energy from C$12.00 to C$14.00 in a research report on Friday, April 29th. Royal Bank of Canada lifted their target price on Advantage Energy from C$8.50 to C$10.00 and gave the company a “sector perform” rating in a research note on Friday, April 8th. Standpoint Research boosted their target price on Advantage Energy from C$11.25 to C$12.75 and gave the stock a “buy” rating in a research report on Monday, May 2nd. Finally, TD Securities boosted their price target on Advantage Energy from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Monday, May 2nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Advantage Energy has an average rating of “Buy” and an average target price of C$11.65.

Shares of AAV stock opened at C$9.99 on Monday. The stock has a 50 day simple moving average of C$9.63 and a 200-day simple moving average of C$7.99. Advantage Energy has a 1-year low of C$3.29 and a 1-year high of C$11.75. The company has a debt-to-equity ratio of 14.33, a current ratio of 0.40 and a quick ratio of 0.38. The company has a market cap of C$1.90 billion and a price-to-earnings ratio of 4.66.

Advantage Energy (TSE:AAVGet Rating) (NYSE:AAV) last issued its earnings results on Thursday, February 24th. The company reported C$0.28 EPS for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.11. The firm had revenue of C$159.26 million during the quarter.

In other Advantage Energy news, Senior Officer Donald Craig Blackwood sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, April 7th. The shares were sold at an average price of C$9.32, for a total value of C$233,035.00. Following the completion of the transaction, the insider now owns 727,067 shares of the company’s stock, valued at approximately C$6,777,282.33. Also, Senior Officer Neil Bokenfohr sold 150,000 shares of the company’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of C$8.36, for a total transaction of C$1,254,000.00. Following the completion of the sale, the insider now directly owns 1,162,018 shares of the company’s stock, valued at approximately C$9,714,470.48. Insiders sold 339,000 shares of company stock worth $3,122,475 in the last 90 days.

Advantage Energy Company Profile (Get Rating)

Advantage Energy Ltd., together with its subsidiaries, acquires, exploits, develops, and produces crude oil, natural gas, and natural gas liquids in the Province of Alberta, Canada. The company focuses on the development and production of oil and natural gas resource that includes 228 net sections covering an area of 145,920 net acres of Doig/Montney rights in Glacier, Valhalla, Progress, and Pipestone/Wembley.

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