Advantage Energy Ltd. to Post Q1 2024 Earnings of $0.11 Per Share, Atb Cap Markets Forecasts (TSE:AAV)

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Stock analysts at Atb Cap Markets dropped their Q1 2024 earnings per share (EPS) estimates for Advantage Energy in a research note issued on Monday, April 22nd. Atb Cap Markets analyst A. Arif now anticipates that the company will earn $0.11 per share for the quarter, down from their previous forecast of $0.16. The consensus estimate for Advantage Energy’s current full-year earnings is $0.53 per share. Atb Cap Markets also issued estimates for Advantage Energy’s Q2 2024 earnings at $0.12 EPS, Q3 2024 earnings at $0.16 EPS, Q4 2024 earnings at $0.24 EPS, FY2024 earnings at $0.62 EPS, FY2025 earnings at $0.58 EPS, FY2026 earnings at $0.79 EPS, FY2027 earnings at $0.84 EPS and FY2028 earnings at $0.89 EPS.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its earnings results on Monday, March 4th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.19 by C$0.06. The business had revenue of C$147.14 million for the quarter, compared to analysts’ expectations of C$141.00 million. Advantage Energy had a return on equity of 6.43% and a net margin of 19.94%.

Several other brokerages have also recently issued reports on AAV. TD Securities increased their target price on Advantage Energy from C$11.50 to C$12.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Stifel Nicolaus dropped their target price on Advantage Energy from C$14.50 to C$13.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. CIBC raised their price objective on Advantage Energy from C$10.50 to C$11.00 and gave the stock a “neutral” rating in a research report on Monday. Raymond James lowered their price objective on Advantage Energy from C$13.00 to C$11.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Finally, Royal Bank of Canada raised their price objective on Advantage Energy from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.50.

Advantage Energy Stock Down 0.1 %

Shares of TSE AAV opened at C$10.47 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.72 and a debt-to-equity ratio of 22.74. The stock has a market capitalization of C$1.67 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of -3.58 and a beta of 1.65. The stock’s fifty day simple moving average is C$9.98 and its two-hundred day simple moving average is C$9.46. Advantage Energy has a 12-month low of C$6.79 and a 12-month high of C$11.05.

Insider Buying and Selling

In other news, Director John Larry Festival bought 40,000 shares of Advantage Energy stock in a transaction that occurred on Tuesday, March 19th. The stock was bought at an average price of C$9.95 per share, for a total transaction of C$398,000.00. 1.27% of the stock is currently owned by company 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.