Atb Cap Markets Predicts Lower Earnings for Advantage Energy

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Research analysts at Atb Cap Markets lowered their FY2024 EPS estimates for Advantage Energy in a report released on Tuesday, February 25th. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.20 for the year, down from their previous forecast of $0.27. 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 $0.17 EPS, Q4 2024 earnings at $0.17 EPS, FY2024 earnings at $0.20 EPS, FY2025 earnings at $1.16 EPS, FY2025 earnings at $1.16 EPS, FY2027 earnings at $1.62 EPS and FY2027 earnings at $1.62 EPS.

AAV has been the topic of several other reports. National Bankshares upgraded shares of Advantage Energy from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$11.50 to C$15.00 in a research note on Thursday, January 30th. National Bank Financial upgraded shares of Advantage Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 20th. CIBC increased their price target on shares of Advantage Energy from C$11.00 to C$11.50 in a research note on Friday, January 17th. Finally, BMO Capital Markets increased their price target on shares of Advantage Energy from C$12.00 to C$13.00 in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$13.85.

Advantage Energy Stock Performance

Shares of Advantage Energy stock opened at C$9.65 on Friday. The firm has a market capitalization of C$1.60 billion, a P/E ratio of 35.14, a P/E/G ratio of -3.58 and a beta of 1.46. Advantage Energy has a 52 week low of C$8.27 and a 52 week high of C$11.73. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40. The firm’s 50 day moving average is C$9.66 and its two-hundred day moving average is C$9.32.

Insider Transactions at Advantage Energy

In other news, Senior Officer Geoffrey Keyser purchased 3,000 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average price of C$9.10 per share, with a total value of C$27,300.00. Corporate insiders own 1.55% of the company’s stock.

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.