Analysts Anticipate Advantage Oil & Gas Ltd. (AAV) to Announce $0.01 Earnings Per Share

Brokerages forecast that Advantage Oil & Gas Ltd. (NYSE:AAV) (TSE:AAV) will post earnings per share (EPS) of $0.01 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Advantage Oil & Gas’ earnings. Advantage Oil & Gas posted earnings of $0.06 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 83.3%. The firm is expected to report its next earnings results on Thursday, November 1st.

On average, analysts expect that Advantage Oil & Gas will report full year earnings of $0.11 per share for the current fiscal year, with EPS estimates ranging from $0.09 to $0.13. For the next fiscal year, analysts anticipate that the business will report earnings of $0.24 per share, with EPS estimates ranging from $0.14 to $0.33. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Advantage Oil & Gas.

Advantage Oil & Gas (NYSE:AAV) (TSE:AAV) last issued its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.02). The business had revenue of $33.82 million during the quarter, compared to analyst estimates of $49.14 million. Advantage Oil & Gas had a net margin of 13.13% and a return on equity of 0.36%.

Several equities research analysts have recently issued reports on AAV shares. Zacks Investment Research downgraded Advantage Oil & Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. Raymond James downgraded Advantage Oil & Gas from an “outperform” rating to a “market perform” rating in a research report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.17.

Several large investors have recently modified their holdings of AAV. WESPAC Advisors SoCal LLC acquired a new stake in shares of Advantage Oil & Gas in the second quarter valued at about $157,000. Marquette Asset Management LLC acquired a new stake in Advantage Oil & Gas during the second quarter worth about $174,000. Intact Investment Management Inc. acquired a new stake in Advantage Oil & Gas during the second quarter worth about $309,000. Aperio Group LLC grew its position in Advantage Oil & Gas by 57.0% during the first quarter. Aperio Group LLC now owns 139,383 shares of the oil and gas company’s stock worth $411,000 after buying an additional 50,578 shares in the last quarter. Finally, Raffles Associates LP grew its position in Advantage Oil & Gas by 23.9% during the second quarter. Raffles Associates LP now owns 259,636 shares of the oil and gas company’s stock worth $805,000 after buying an additional 50,000 shares in the last quarter. 59.37% of the stock is currently owned by institutional investors.

Shares of NYSE:AAV opened at $2.55 on Tuesday. The stock has a market capitalization of $464.86 million, a PE ratio of 17.86 and a beta of 0.62. Advantage Oil & Gas has a 52-week low of $2.37 and a 52-week high of $6.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55.

About Advantage Oil & Gas

Advantage Oil & Gas Ltd., together with its subsidiaries, acquires, exploits, develops, and produces natural gas in the Province of Alberta, Canada. The company primarily focuses on the development and delineation of its Montney natural gas and liquids resource that includes 200 net sections of land in Glacier, Alberta.

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