FY2024 EPS Forecast for Advantage Energy Boosted by Analyst

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Equities researchers at Atb Cap Markets lifted their FY2024 earnings per share (EPS) estimates for shares of Advantage Energy in a report released on Tuesday, December 10th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings per share of $0.27 for the year, up from their previous estimate 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.

Other research analysts have also issued research reports about the company. TD Securities reaffirmed a “buy” rating and set a C$13.00 target price on shares of Advantage Energy in a report on Wednesday, October 9th. BMO Capital Markets reduced their target price on Advantage Energy from C$13.00 to C$12.00 in a report on Friday, October 4th. Cormark raised Advantage Energy to a “moderate buy” rating in a report on Monday, September 23rd. National Bankshares reduced their target price on Advantage Energy from C$13.00 to C$11.50 in a report on Friday, September 27th. Finally, National Bank Financial lowered Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$13.21.

Advantage Energy Trading Down 1.3 %

Shares of AAV opened at C$8.82 on Friday. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76. The firm has a market cap of C$1.47 billion, a P/E ratio of 18.68, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. Advantage Energy has a fifty-two week low of C$8.14 and a fifty-two week high of C$11.73. The business has a 50-day moving average of C$9.06 and a 200 day moving average of C$9.70.

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

Insider Buying and Selling

In other news, Senior Officer Darren Tisdale bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average price of C$8.85 per share, for a total transaction of C$26,550.00. Also, Senior Officer Geoffrey Keyser bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average price of C$8.89 per share, with a total value of C$35,540.00. Insiders bought 74,047 shares of company stock worth $655,072 in the last quarter. 1.55% of the stock is owned by insiders.

About Advantage Energy

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.