Q1 2024 EPS Estimates for Advantage Energy Ltd. Decreased by Analyst (TSE:AAV)

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Equities researchers at Atb Cap Markets reduced their Q1 2024 EPS estimates for shares of Advantage Energy in a research note issued on Monday, April 22nd. Atb Cap Markets analyst A. Arif now forecasts that the company will earn $0.11 per share for the quarter, down from their prior 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 posted its quarterly earnings data on Monday, March 4th. The company reported C$0.25 earnings per share for the quarter, beating the consensus estimate of C$0.19 by C$0.06. Advantage Energy had a net margin of 19.94% and a return on equity of 6.43%. The company had revenue of C$147.14 million during the quarter, compared to analyst estimates of C$141.00 million.

Several other equities analysts have also weighed in on the stock. TD Securities raised their price objective on shares of 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 reduced their price objective on shares of Advantage Energy from C$14.50 to C$13.00 and set a “buy” rating for the company in a research report on Monday, February 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$13.00 price objective on shares of Advantage Energy in a research note on Monday, April 8th. National Bankshares upped their price objective on shares of Advantage Energy from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research note on Friday. Finally, Royal Bank of Canada upped their price objective on shares of Advantage Energy from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$12.50.

Advantage Energy Stock Performance

TSE:AAV opened at C$10.48 on Tuesday. Advantage Energy has a twelve month low of C$6.79 and a twelve month high of C$11.05. 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 company has a 50-day moving average of C$9.95 and a 200-day moving average of C$9.45. The firm has a market cap of C$1.67 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of -3.58 and a beta of 1.65.

Insider Transactions at Advantage Energy

In related news, Director John Larry Festival purchased 40,000 shares of Advantage Energy stock in a transaction dated Tuesday, March 19th. The stock was acquired at an average cost of C$9.95 per share, with a total value of C$398,000.00. 1.27% of the stock is owned by 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.