Advantage Energy (OTCMKTS:AAVVF) Trading Down 0.6% on Analyst Downgrade

Advantage Energy Ltd. (OTCMKTS:AAVVF)’s stock price fell 0.6% during mid-day trading on Monday after Wall Street Zen downgraded the stock from a buy rating to a hold rating. The stock traded as low as $8.25 and last traded at $8.36. 29,311 shares changed hands during trading, a decline of 47% from the average session volume of 55,610 shares. The stock had previously closed at $8.41.

Separately, CIBC reaffirmed a “neutral” rating on shares of Advantage Energy in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Advantage Energy currently has an average rating of “Buy”.

Advantage Energy Stock Down 0.6%

The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 37.99 and a beta of 0.85. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.67 and a quick ratio of 0.67. The firm’s 50-day moving average is $8.02 and its 200 day moving average is $7.86.

Advantage Energy (OTCMKTS:AAVVF) last issued its earnings results on Wednesday, August 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.20. Advantage Energy had a return on equity of 3.37% and a net margin of 8.20%.The business had revenue of $120.89 million for the quarter, compared to analyst estimates of $194.50 million. Sell-side analysts anticipate that Advantage Energy Ltd. will post 0.19 earnings per share for the current fiscal year.

About Advantage Energy

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.