Advantage Energy (OTCMKTS:AAVVF) Releases Quarterly Earnings Results

Advantage Energy (OTCMKTS:AAVVF) posted its quarterly earnings data on Thursday. The company reported $0.10 earnings per share (EPS) for the quarter, reports. Advantage Energy had a return on equity of 6.10% and a net margin of 18.36%. The company had revenue of $103.39 million for the quarter.

Advantage Energy Price Performance

Shares of OTCMKTS:AAVVF traded up $0.25 during trading on Friday, hitting $7.97. 24,841 shares of the company were exchanged, compared to its average volume of 32,786. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. Advantage Energy has a 1-year low of $4.91 and a 1-year high of $8.11. The company has a market capitalization of $1.28 billion, a P/E ratio of 18.98 and a beta of 1.73. The business’s 50 day moving average is $7.41 and its 200-day moving average is $7.00.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Scotiabank reiterated a “buy” rating and set a $17.00 price target on shares of Advantage Energy in a research report on Thursday, March 7th. CIBC upped their price target on Advantage Energy from $9.75 to $10.50 and gave the stock a “neutral” rating in a research note on Tuesday, March 5th.

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.