Thu Sep 19 05:45:52 UTC 2024: ## Advantage Energy’s Earnings Forecast Lowered, Stock Still Holds “Moderate Buy” Rating
**Calgary, AB** – Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) saw its FY2024 earnings per share forecast trimmed by Atb Cap Markets on Sunday. Analyst A. Arif now anticipates earnings of $0.49 per share, down from the previous estimate of $0.62.
Despite the lowered forecast, Advantage Energy continues to receive positive sentiment from other analysts. Several firms, including TD Securities, Cormark, and National Bankshares, maintain “buy” ratings and have set price objectives ranging from C$12.00 to C$15.00. CIBC, however, reiterated a “neutral” rating with a price objective of C$12.00.
Based on data from MarketBeat.com, the company currently holds an average rating of “Moderate Buy” with an average price target of C$13.68.
Advantage Energy’s stock opened at C$9.01 on Tuesday, showing a 12-month low of C$8.02 and a 12-month high of C$11.73. The stock has a market cap of C$1.50 billion.
The company’s recent earnings report, released on July 25th, showed a C($0.07) EPS for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04).
Recent insider activity has shown confidence in the company. Senior Officer Donald Craig Blackwood acquired 5,435 shares on August 2nd, and Director Jill Terilee Angevine acquired 24,000 shares on July 10th.
Advantage Energy Ltd. is a Canadian company engaged in the acquisition, exploitation, development, and production of natural gas, crude oil, and natural gas liquids (NGLs) in Alberta.
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