Q3 2024 EPS Estimates for Advantage Energy Ltd. (TSE:AAV) Cut by Atb Cap Markets

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Stock analysts at Atb Cap Markets lowered their Q3 2024 earnings per share (EPS) estimates for Advantage Energy in a report released on Wednesday, July 17th. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.18 per share for the quarter, down from their previous estimate of $0.30. The consensus estimate for Advantage Energy’s current full-year earnings is $0.57 per share. Atb Cap Markets also issued estimates for Advantage Energy’s Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.57 EPS and FY2026 earnings at $1.46 EPS.

A number of other analysts have also recently commented on the stock. TD Securities restated a “buy” rating and issued a C$14.00 price objective on shares of Advantage Energy in a research report on Wednesday, June 19th. CIBC increased their price target on Advantage Energy from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a report on Wednesday, June 19th. BMO Capital Markets reiterated an “outperform” rating and set a C$13.00 price objective on shares of Advantage Energy in a report on Monday, April 8th. ATB Capital increased their target price on Advantage Energy from C$13.50 to C$14.00 in a research note on Wednesday, July 10th. Finally, Scotiabank raised their target price on shares of Advantage Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, June 19th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Advantage Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.68.

Advantage Energy Stock Up 1.1 %

Shares of TSE:AAV opened at C$10.20 on Monday. The company has a 50 day moving average price of C$10.66 and a two-hundred day moving average price of C$10.09. The company has a debt-to-equity ratio of 25.01, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of C$1.64 billion, a PE ratio of 18.21, a PEG ratio of -3.58 and a beta of 1.61. Advantage Energy has a 52 week low of C$8.02 and a 52 week high of C$11.73.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings results on Thursday, April 25th. The company reported C$0.14 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.03. Advantage Energy had a net margin of 18.74% and a return on equity of 6.06%. The business had revenue of C$139.38 million for the quarter, compared to the consensus estimate of C$132.00 million.

Insider Buying and Selling at Advantage Energy

In other Advantage Energy news, Director Donald M. Clague acquired 5,000 shares of Advantage Energy stock in a transaction dated Thursday, June 13th. The stock was bought at an average cost of C$10.58 per share, for a total transaction of C$52,900.00. In other news, Senior Officer Geoffrey Keyser bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was acquired at an average cost of C$10.15 per share, with a total value of C$30,450.00. Also, Director Donald M. Clague purchased 5,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were purchased at an average cost of C$10.58 per share, for a total transaction of C$52,900.00. In the last three months, insiders have acquired 37,000 shares of company stock worth $372,069. Insiders own 1.53% of the company’s stock.

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.