FY2024 EPS Estimate for Advantage Energy Lifted by Analyst

Advantage Energy Ltd. (OTCMKTS:AAVVF) – Investment analysts at Atb Cap Markets upped their FY2024 earnings per share (EPS) estimates for Advantage Energy in a research note issued to investors on Tuesday, December 10th. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.19 for the year, up from their prior estimate of $0.17. The consensus estimate for Advantage Energy’s current full-year earnings is $0.17 per share. Atb Cap Markets also issued estimates for Advantage Energy’s Q4 2024 earnings at $0.17 EPS, Q4 2025 earnings at $0.32 EPS and FY2026 earnings at $1.03 EPS.

Advantage Energy (OTCMKTS:AAVVF) last released its quarterly earnings results on Thursday, October 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Advantage Energy had a net margin of 8.62% and a return on equity of 2.88%. The business had revenue of $106.19 million during the quarter, compared to the consensus estimate of $119.27 million.

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

Advantage Energy Stock Performance

Advantage Energy stock opened at $6.19 on Friday. The stock has a 50-day simple moving average of $6.48 and a 200 day simple moving average of $6.97. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. Advantage Energy has a 12-month low of $6.04 and a 12-month high of $8.58. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 30.97 and a beta of 1.58.

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.