Advantage Energy (OTCMKTS:AAVVF) Hits New 12-Month Low – What’s Next?

by · The Markets Daily

Shares of Advantage Energy Ltd. (OTCMKTS:AAVVF – Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $3.56 and last traded at $3.56, with a volume of 300 shares traded. The stock had previously closed at $7.01.

Analysts Set New Price Targets

A number of analysts have weighed in on AAVVF shares. Raymond James Financial cut shares of Advantage Energy from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 16th. Scotiabank restated an “outperform” rating on shares of Advantage Energy in a report on Monday, August 3rd. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Advantage Energy in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Advantage Energy presently has a consensus rating of “Moderate Buy”.

View Our Latest Report on AAVVF

Advantage Energy Stock Down 0.1%

The business’s fifty day moving average price is $7.76 and its 200 day moving average price is $7.57. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1.17 billion, a PE ratio of 20.00 and a beta of 0.63.

Advantage Energy (OTCMKTS:AAVVF – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Advantage Energy had a return on equity of 4.92% and a net margin of 11.58%.The firm had revenue of $137.96 million for the quarter, compared to analyst estimates of $142.85 million.

About Advantage Energy

(Get Free Report)

Advantage Energy Ltd. is a Canadian energy company engaged in the exploration, development and production of natural gas, natural gas liquids and condensate. The company focuses on developing long-life, low-cost resource assets and sells its production to customers in Canadian and North American energy markets.

Advantage’s principal operations are located in Alberta, particularly its Montney and related resource holdings in the Glacier and Pipestone areas. Its activities include drilling and completing wells, processing and gathering production, and managing the infrastructure required to transport its products to market.

The company was formerly known as Advantage Oil & Gas Ltd.

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