Advantage Energy (TSE:AAV) Issues Quarterly Earnings Results

Advantage Energy (TSE:AAV) (NYSE:AAV) announced its earnings results on Thursday. The company reported C$0.27 EPS for the quarter, FiscalAI reports. The business had revenue of C$178.76 million during the quarter. Advantage Energy had a net margin of 16.83% and a return on equity of 6.59%.

Advantage Energy Price Performance

Shares of AAV stock opened at C$11.00 on Friday. Advantage Energy has a twelve month low of C$9.19 and a twelve month high of C$13.20. The stock has a market capitalization of C$1.85 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of -3.58 and a beta of -0.52. The stock has a fifty day simple moving average of C$10.32 and a two-hundred day simple moving average of C$10.52. The company has a current ratio of 0.38, a quick ratio of 0.72 and a debt-to-equity ratio of 48.61.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AAV. BMO Capital Markets cut Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price target for the company. in a report on Tuesday, April 7th. Scotiabank upgraded shares of Advantage Energy to a “strong-buy” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$14.17.

Insider Buying and Selling at Advantage Energy

In related news, insider Donald Craig Blackwood bought 10,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were bought at an average price of C$9.55 per share, for a total transaction of C$95,500.00. Following the completion of the purchase, the insider directly owned 1,109,248 shares of the company’s stock, valued at approximately C$10,593,318.40. This trade represents a 0.91% increase in their ownership of the stock. Also, insider Darren Tisdale acquired 4,100 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average cost of C$9.60 per share, for a total transaction of C$39,360.00. Following the transaction, the insider owned 217,782 shares in the company, valued at approximately C$2,090,707.20. The trade was a 1.92% increase in their ownership of the stock. Insiders have purchased 71,195 shares of company stock valued at $684,488 in the last 90 days. Insiders own 1.55% of the company’s stock.

Advantage Energy Company Profile

Advantage Energy Ltd supplies clean, affordable, reliable, and sustainable Canadian energy to power the needs of Canada and the world. It is focused on the development and delineation of its Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla, and Progress, Alberta.