Advantage Energy (OTCMKTS:AAVVF) Issues Quarterly Earnings Results

Advantage Energy (OTCMKTS:AAVVF) released its earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05), reports. Advantage Energy had a return on equity of 5.13% and a net margin of 15.40%. The company had revenue of $106.19 million during the quarter, compared to analysts’ expectations of $119.27 million.

Advantage Energy Stock Down 0.9 %

Advantage Energy stock opened at $6.54 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. Advantage Energy has a 1-year low of $5.90 and a 1-year high of $8.58. The firm’s fifty day simple moving average is $6.83 and its 200-day simple moving average is $7.33. The company has a market capitalization of $1.09 billion, a P/E ratio of 15.57 and a beta of 1.61.

Analyst Upgrades and Downgrades

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

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.