Advantage Energy Ltd reports results for the quarter ended June 30 - Earnings Summary

• Advantage Energy Ltd AAV.TO reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of two analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results

• Revenue rose 58.1% to C$164.59 million from a year ago; analysts expected C$185.70 million.

• Advantage Energy Ltd's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of C$72.5 million.

• Advantage Energy Ltd shares had fallen by 7.1% this quarter and gained 11.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Advantage Energy Ltd is C$14.00, about 22.6% above its last closing price of C$10.84

This summary was machine generated from LSEG data August 7 at 04:59 a.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)