Brokers Set Expectations for Advantage Energy Ltd.’s FY2023 Earnings (TSE:AAV)

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Equities research analysts at Atb Cap Markets lifted their FY2023 EPS estimates for shares of Advantage Energy in a report issued on Tuesday, November 14th. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.63 for the year, up from their prior forecast of $0.61. Atb Cap Markets currently has a “Outperform” rating on the stock. The consensus estimate for Advantage Energy’s current full-year earnings is $1.15 per share. Atb Cap Markets also issued estimates for Advantage Energy’s Q4 2023 earnings at $0.30 EPS, Q1 2024 earnings at $0.30 EPS, Q2 2024 earnings at $0.30 EPS, Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.32 EPS, FY2024 earnings at $1.23 EPS and FY2025 earnings at $1.30 EPS.

A number of other research firms have also recently commented on AAV. Stifel Nicolaus lifted their price objective on shares of Advantage Energy from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research report on Monday, October 30th. TD Securities reissued a “buy” rating and issued a C$12.00 price target on shares of Advantage Energy in a report on Friday, October 27th. Raymond James boosted their price objective on Advantage Energy from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Desjardins set a C$13.75 target price on Advantage Energy and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, ATB Capital set a C$13.00 price target on Advantage Energy and gave the company an “outperform” rating in a research note on Friday, October 20th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$12.43.

Advantage Energy Stock Performance

Shares of TSE AAV opened at C$9.77 on Friday. Advantage Energy has a 12 month low of C$6.79 and a 12 month high of C$11.97. The stock has a 50 day moving average of C$9.61 and a 200-day moving average of C$8.86. The company has a current ratio of 1.21, a quick ratio of 0.72 and a debt-to-equity ratio of 23.51. The company has a market capitalization of C$1.61 billion, a P/E ratio of 10.28, a P/E/G ratio of -3.58 and a beta of 1.76.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings results on Thursday, October 26th. The company reported C$0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.16. The firm had revenue of C$136.72 million for the quarter. Advantage Energy had a return on equity of 11.10% and a net margin of 30.66%.

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. The company's assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.