Atb Cap Markets Expects Higher Earnings for Advantage Energy

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Stock analysts at Atb Cap Markets boosted their FY2024 EPS estimates for shares of Advantage Energy in a note issued to investors on Tuesday, December 10th. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.27 per share for the year, up from their prior forecast of $0.24. The consensus estimate for Advantage Energy’s current full-year earnings is $1.47 per share. Atb Cap Markets also issued estimates for Advantage Energy’s Q4 2024 earnings at $0.24 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.25 EPS and FY2026 earnings at $1.46 EPS.

Several other brokerages have also issued reports on AAV. National Bankshares dropped their price target on Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. CIBC reaffirmed a “neutral” rating and set a C$12.00 target price on shares of Advantage Energy in a research report on Thursday, August 29th. TD Securities reiterated a “buy” rating and issued a C$13.00 price objective on shares of Advantage Energy in a research note on Wednesday, October 9th. National Bank Financial cut shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Cormark upgraded shares of Advantage Energy to a “moderate buy” rating in a report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Advantage Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$13.21.

Advantage Energy Stock Performance

Shares of AAV stock opened at C$8.94 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86. Advantage Energy has a 12 month low of C$8.02 and a 12 month high of C$11.73. The firm has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 19.02, a PEG ratio of -3.58 and a beta of 1.46. The business’s 50-day moving average price is C$9.07 and its 200-day moving average price is C$9.71.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings results on Thursday, October 24th. The company reported C($0.04) EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. The company had revenue of C$144.86 million during the quarter, compared to analyst estimates of C$161.10 million.

Insider Activity

In other news, Director John Festival acquired 20,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were purchased at an average price of C$8.94 per share, for a total transaction of C$178,800.00. Also, Director Stephen Balog acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average price of C$8.80 per share, for a total transaction of C$44,000.00. Insiders bought a total of 72,000 shares of company stock worth $637,050 over the last 90 days. 1.55% of the stock is currently owned by corporate insiders.

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.