Atb Cap Markets Has Weak Outlook for TSE:AAV FY2024 Earnings

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) – Analysts at Atb Cap Markets dropped their FY2024 earnings per share estimates for shares of Advantage Energy in a research note issued to investors on Tuesday, February 25th. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.20 for the year, down from their prior estimate 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.

A number of other research firms have also recently commented on AAV. BMO Capital Markets lifted their price objective on Advantage Energy from C$12.00 to C$13.00 in a research report on Tuesday, January 14th. National Bank Financial upgraded Advantage Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, January 20th. National Bankshares upgraded Advantage Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$11.50 to C$15.00 in a report on Thursday, January 30th. Finally, CIBC lifted their price target on Advantage Energy from C$11.00 to C$11.50 in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.85.

Advantage Energy Trading Up 1.4 %

Advantage Energy stock opened at C$9.65 on Friday. The stock has a market cap of C$1.60 billion, a PE ratio of 35.14, a P/E/G ratio of -3.58 and a beta of 1.46. The stock has a 50-day moving average price of C$9.66 and a 200 day moving average price of C$9.32. Advantage Energy has a 52 week low of C$8.27 and a 52 week high of C$11.73. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40.

Insider Transactions at Advantage Energy

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

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.