Advantage Energy Ltd. to Post Q1 2024 Earnings of $0.11 Per Share, Atb Cap Markets Forecasts (TSE:AAV)

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Equities research analysts at Atb Cap Markets lowered their Q1 2024 EPS estimates for Advantage Energy in a research report issued to clients and investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.11 per share for the quarter, down from their previous estimate of $0.16. The consensus estimate for Advantage Energy’s current full-year earnings is $0.53 per share. Atb Cap Markets also issued estimates for Advantage Energy’s Q2 2024 earnings at $0.12 EPS, Q3 2024 earnings at $0.16 EPS, Q4 2024 earnings at $0.24 EPS, FY2024 earnings at $0.62 EPS, FY2025 earnings at $0.58 EPS, FY2026 earnings at $0.79 EPS, FY2027 earnings at $0.84 EPS and FY2028 earnings at $0.89 EPS.

Several other research firms have also recently issued reports on AAV. Scotiabank increased their price target on shares of Advantage Energy from C$16.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 5th. Raymond James cut their price target on shares of Advantage Energy from C$13.00 to C$11.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Royal Bank of Canada increased their price target on shares of Advantage Energy from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 5th. Desjardins cut their price target on shares of Advantage Energy from C$13.25 to C$13.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Finally, National Bankshares increased their price target on shares of Advantage Energy from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$12.50.

Advantage Energy Trading Down 0.1 %

TSE AAV opened at C$10.47 on Tuesday. The stock has a market capitalization of C$1.67 billion, a P/E ratio of 17.75, a P/E/G ratio of -3.58 and a beta of 1.65. Advantage Energy has a 52-week low of C$6.79 and a 52-week high of C$11.05. The firm has a 50-day moving average price of C$9.98 and a 200 day moving average price of C$9.46. The company has a quick ratio of 0.72, a current ratio of 1.25 and a debt-to-equity ratio of 22.74.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its earnings results on Monday, March 4th. The company reported C$0.25 earnings per share for the quarter, topping the consensus estimate of C$0.19 by C$0.06. The business had revenue of C$147.14 million during the quarter, compared to the consensus estimate of C$141.00 million. Advantage Energy had a net margin of 19.94% and a return on equity of 6.43%.

Insider Buying and Selling at Advantage Energy

In other Advantage Energy news, Director John Larry Festival acquired 40,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was acquired at an average cost of C$9.95 per share, with a total value of C$398,000.00. 1.27% of the stock is currently 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.