Advantage Energy Ltd. (OTCMKTS:AAVVF - Get Free Report) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 2,403,300 shares, a drop of 5.5% from the October 31st total of 2,543,300 shares. Based on an average trading volume of 62,000 shares, the days-to-cover ratio is currently 38.8 days.
Analysts Set New Price Targets
Separately, National Bank Financial cut shares of Advantage Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 8th.
Read Our Latest Analysis on Advantage Energy
Advantage Energy Price Performance
OTCMKTS AAVVF traded up $0.04 during trading hours on Tuesday, hitting $6.46. 35,897 shares of the company's stock traded hands, compared to its average volume of 58,218. The firm's 50-day moving average is $6.60 and its 200-day moving average is $7.08. The company has a market capitalization of $1.08 billion, a PE ratio of 32.09 and a beta of 1.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. Advantage Energy has a 52-week low of $5.90 and a 52-week high of $8.58.
Advantage Energy (OTCMKTS:AAVVF - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The company had revenue of $106.19 million for the quarter, compared to analyst estimates of $119.27 million. Advantage Energy had a return on equity of 2.88% and a net margin of 8.62%. Equities analysts forecast that Advantage Energy will post 0.17 EPS for the current fiscal year.
About Advantage Energy
(
Get Free Report)
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.
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