Advantage Energy (OTCMKTS:AAVVF) Shares Gap Down – Here’s Why

Advantage Energy Ltd. (OTCMKTS:AAVVF) shares gapped down before the market opened on Friday . The stock had previously closed at $8.62, but opened at $8.32. Advantage Energy shares last traded at $8.32, with a volume of 900 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Natl Bk Canada lowered Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. Raymond James Financial upgraded shares of Advantage Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 8th. Royal Bank Of Canada restated a “sector perform” rating on shares of Advantage Energy in a research report on Thursday, December 11th. Zacks Research upgraded shares of Advantage Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Wall Street Zen downgraded shares of Advantage Energy from a “buy” rating to a “hold” rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Advantage Energy Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.40 and a quick ratio of 0.40. The company’s 50 day moving average is $8.52 and its 200 day moving average is $8.34. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 33.66 and a beta of 0.91.

Advantage Energy (OTCMKTS:AAVVF) last released its earnings results on Tuesday, October 28th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $93.92 million for the quarter, compared to the consensus estimate of $160.90 million. Advantage Energy had a return on equity of 3.75% and a net margin of 9.39%. Research analysts forecast that Advantage Energy Ltd. will post 0.19 earnings per share for the current fiscal year.

About Advantage Energy

Advantage Energy Ltd. is a Calgary-based exploration and production company focused on the development of natural gas, condensate and natural gas liquids (NGLs) in the Montney formation of western Canada. The company holds and operates an extensive land position across northeast British Columbia and northwest Alberta, where it employs multi-stage fracturing and horizontal drilling techniques to optimize recovery from low-permeability reservoirs. Advantage Energy’s asset portfolio is structured to deliver stable gas production alongside enhanced liquids yields, supporting its strategy of balancing volume growth with cash-flow generation.

Advantage Energy’s operations are anchored in its core Montney acreage, where it has established several gas processing and compression facilities to gather, treat and market its production.