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Updated 1d ago
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Advantage Energy Ltd.TSX:AAV Stock Report

Market Cap CA$1.8b
Updated 1d ago
Share Price
n/a
1Y-7.8%
7D-4.4%
1D-1.7%
Portfolio Value
​
View

Advantage Energy Ltd.

TSX:AAV Stock Report

Market Cap: CA$1.8b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Advantage Energy (AAV) Stock Overview

Engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. More details

AAV fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance4/6
Financial Health2/6
Dividends0/6

Rewards

Trading at 48.3% below our estimate of its fair value

Earnings are forecast to grow 13.35% per year

Earnings grew by 55.6% over the past year

Analysts in good agreement that stock price will rise by 35.1%

Risk Analysis

Has a high level of debt


AAV Community Fair Values

Create Narrative

See what 13 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
28.2% undervalued intrinsic discount
AnalystConsensusTarget
•7mo ago

LNG Canada Exports Will Revitalize Western Canadian Gas Markets

127
0
8
AN
AnalystHighTarget
37.4% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Rising Global Demand And Carbon Capture Will Unlock Market Opportunity

80
0
1
AN
AnalystLowTarget
11.9% undervalued intrinsic discount
AnalystLowTarget
•1y ago

Western Gas Oversupply Will Strain Earnings With Clean Energy Support

10
0
1

Top Analyst Narratives

AN
AnalystConsensusTarget
28.2% undervalued intrinsic discount
AnalystConsensusTarget
•7mo ago

LNG Canada Exports Will Revitalize Western Canadian Gas Markets

127
0
8
AN
AnalystHighTarget
37.4% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Rising Global Demand And Carbon Capture Will Unlock Market Opportunity

80
0
1
AN
AnalystLowTarget
11.9% undervalued intrinsic discount
AnalystLowTarget
•1y ago

Western Gas Oversupply Will Strain Earnings With Clean Energy Support

10
0
1
View all narratives

Advantage Energy Ltd. Competitors

Kelt Exploration

Symbol: TSX:KEL
Market cap: CA$2.1b

Cardinal Energy

Symbol: TSX:CJ
Market cap: CA$2.1b

Birchcliff Energy

Symbol: TSX:BIR
Market cap: CA$1.8b

Valeura Energy

Symbol: TSX:VLE
Market cap: CA$1.5b

Price History & Performance

Summary of share price highs, lows and changes for Advantage Energy
Historical stock prices
Current Share PriceCA$10.57
52 Week HighCA$13.20
52 Week LowCA$9.19
Beta0.45
1 Month Change-4.86%
3 Month Change7.09%
1 Year Change-7.85%
3 Year Change5.17%
5 Year Change88.41%
Change since IPO164.25%

Recent News & Updates

Recent updates

User avatar
Narrative Update • Jun 23

AAV: Liquids Mix And Buybacks Will Support Richer Future P/E

Analysts have nudged their fair value estimate for Advantage Energy slightly higher to CA$16.89 from CA$16.83, as updated assumptions on revenue growth, profit margins and future P/E coalesce with a modestly higher Street price target. Analyst Commentary Recent Street research on Advantage Energy has been mixed, but there are clear pockets of optimism that readers should understand when thinking about valuation and execution risk.
User avatar
Narrative Update • Jun 06

AAV: Higher Liquids Mix And Buybacks Will Support Richer Future P/E

Narrative Update: Advantage Energy Price Target Shift The analyst price target for Advantage Energy has been revised slightly lower to CA$16.83 from CA$17.03 as analysts weigh recent mixed research. One firm trimmed its outlook, while another lifted its target by CA$1.
User avatar
Narrative Update • Apr 22

AAV: Higher Liquids Mix And Richer Future P/E Will Support Upside

Narrative Update Analysts now place Advantage Energy's fair value at about CA$17.03, up from CA$15.00. This reflects updated assumptions around slightly higher revenue growth expectations, a marginally lower profit margin outlook, and a higher future P/E multiple informed by recent rating changes and price target adjustments from major firms.
User avatar
Narrative Update • Apr 07

AAV: Higher Liquids Production And Resilient Margins Will Support Future Upside

Analysts now set Advantage Energy's price target at CA$15.00, compared with the prior fair value estimate of CA$18.41. This reflects updated views on revenue growth, profit margins and future P/E after a mix of recent downgrades, target increases and upgrades across the Street.
User avatar
Narrative Update • Mar 24

AAV: Rising Confidence In Resilient Margins Will Support Future Upside

Analysts have nudged their price target for Advantage Energy higher to CA$18.41 from CA$18.23, citing updated assumptions around revenue, profit margins and a slightly higher future P/E, following a recent upgrade from National Bank. Analyst Commentary Bullish analysts are framing the latest upgrade as a signal of rising confidence in Advantage Energy's ability to support a higher valuation over time, particularly as assumptions around revenue, margins and future P/E have been updated.
User avatar
Narrative Update • Mar 07

AAV: Resilient Margins And Cash Flows Will Support Future Upside Potential

Analysts have lifted their price target on Advantage Energy to CA$18.23, citing updated assumptions around slightly lower revenue growth, stronger profit margins, and a lower future P/E multiple reflected in a modestly higher discount rate. Analyst Commentary Recent research has added a more optimistic tone to the story around Advantage Energy, with bullish analysts highlighting what they see as improving fundamentals and a valuation that still leaves room for their higher price targets.
User avatar
Narrative Update • Feb 20

AAV: Long Term Cash Flow Strength Will Support Upside As P/E Outlook Tightens

Analysts have raised their price target on Advantage Energy to CA$18.23 from CA$18.22, citing updated assumptions around the discount rate, revenue growth, profit margin, and a lower future P/E multiple, along with recent bullish research that includes an upgrade in rating. Analyst Commentary Recent research points to a more constructive tone around Advantage Energy, with bullish analysts tightening their valuation work and expressing increased confidence in the company’s setup after revisiting key inputs such as discount rates, revenue assumptions, margin expectations, and future P/E levels.
User avatar
Narrative Update • Feb 06

AAV: Higher Required Returns Will Still Support Bullish Long Term Outlook

Analysts have trimmed their price target for Advantage Energy to about $14.73 from roughly $14.82, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E expectations. Valuation Changes Fair Value: Trimmed slightly to CA$14.73 from CA$14.82, reflecting modest model adjustments.
User avatar
Narrative Update • Jan 23

AAV: Long Term Cash Flow Strength Will Support Upside As P/E Outlook Tightens

Analysts have trimmed their price target on Advantage Energy to C$13.50 from C$14.00, citing updated assumptions on discount rates, revenue growth, profit margins, and forward P/E expectations reflected in the new fair value estimate. Analyst Commentary Bullish analysts are framing the revised C$13.50 target as a recalibration to updated inputs rather than a shift in their overall stance on Advantage Energy.
User avatar
Narrative Update • Jan 08

AAV: Long Term Cash Flow Strength Will Support Upside As P/E Assumptions Tighten

Narrative Update Analysts have trimmed their near-term outlook for Advantage Energy, with recent Street research moving price targets to around C$13.50 to C$14. This shift reflects updated views on its P/E assumptions, growth profile, and risk factors.
Analysis Article • Jan 07

Investors Appear Satisfied With Advantage Energy Ltd.'s (TSE:AAV) Prospects

When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") below 16x, you may consider...
User avatar
Narrative Update • Dec 25

AAV: Long Term Cash Flow Strength Will Drive Upside Despite Recent Downgrades

Analysts have nudged their average price target for Advantage Energy slightly lower, trimming it by C$0.50 to reflect more cautious sector views and recent downward revisions from major brokerage firms. Analyst Commentary Recent research activity around Advantage Energy has been mixed, with some firms tempering expectations while others highlight the companys resilient fundamentals and disciplined execution.
User avatar
Narrative Update • Dec 10

AAV Will See Improving Margins Support Bullish Long Term Outlook

Analysts have modestly raised their price target for Advantage Energy to approximately C$14.82 from about C$14.16, citing slightly stronger expected revenue growth, improving profit margins, and a lower anticipated future P E multiple, despite recent target reductions and rating changes on the Street. Analyst Commentary Recent Street research presents a mixed picture on Advantage Energy, with modest optimism on long term fundamentals tempered by near term caution on valuation and execution risks.
Analysis Article • Sep 23

Investors Appear Satisfied With Advantage Energy Ltd.'s (TSE:AAV) Prospects

With a price-to-earnings (or "P/E") ratio of 36x Advantage Energy Ltd. ( TSE:AAV ) may be sending very bearish signals...
Analysis Article • May 30

Advantage Energy Ltd. (TSE:AAV) Not Flying Under The Radar

When you see that almost half of the companies in the Oil and Gas industry in Canada have price-to-sales ratios (or...
User avatar
New Narrative • Mar 19

Integration Of Charlie Lake Assets Will Improve Future Cash Flow And Profitability

Strategic acquisitions and spending cuts have led to improved cash flow, profitability, and potential for earnings growth through disciplined financial management.
Analysis Article • Feb 27

Advantage Energy Ltd.'s (TSE:AAV) P/E Still Appears To Be Reasonable

When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") below 14x, you may consider...
Analysis Article • Jan 09

Is There An Opportunity With Advantage Energy Ltd.'s (TSE:AAV) 43% Undervaluation?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Advantage Energy fair value estimate is CA$18.17 Advantage...
Analysis Article • Nov 12

Advantage Energy (TSE:AAV) Has A Somewhat Strained Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Oct 02

A Look At The Intrinsic Value Of Advantage Energy Ltd. (TSE:AAV)

Key Insights The projected fair value for Advantage Energy is CA$10.50 based on 2 Stage Free Cash Flow to Equity...
Analysis Article • Aug 23

Investors Still Waiting For A Pull Back In Advantage Energy Ltd. (TSE:AAV)

With a price-to-earnings (or "P/E") ratio of 19.7x Advantage Energy Ltd. ( TSE:AAV ) may be sending bearish signals at...
Analysis Article • Aug 01

Advantage Energy's (TSE:AAV) Anemic Earnings Might Be Worse Than You Think

The market wasn't impressed with the soft earnings from Advantage Energy Ltd. ( TSE:AAV ) recently. Our analysis has...
Analysis Article • Jul 30

Is Advantage Energy (TSE:AAV) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jun 25

Industry Analysts Just Upgraded Their Advantage Energy Ltd. (TSE:AAV) Revenue Forecasts By 19%

Advantage Energy Ltd. ( TSE:AAV ) shareholders will have a reason to smile today, with the analysts making substantial...
Analysis Article • Apr 10

Is Advantage Energy (TSE:AAV) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

AAVCA Oil and GasCA Market
7D-4.4%-0.9%-1.8%
1Y-7.8%34.7%22.6%

Return vs Industry: AAV underperformed the Canadian Oil and Gas industry which returned 35.6% over the past year.

Return vs Market: AAV underperformed the Canadian Market which returned 21.7% over the past year.

Price Volatility

Is AAV's price volatile compared to industry and market?
AAV volatility
AAV Average Weekly Movement3.0%
Oil and Gas Industry Average Movement7.6%
Market Average Movement9.3%
10% most volatile stocks in CA Market16.3%
10% least volatile stocks in CA Market3.7%

Stable Share Price: AAV has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: AAV's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200199John Festivalwww.advantageog.com

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. Advantage Energy Ltd. was formerly known as Advantage Oil & Gas Ltd.

Advantage Energy Ltd. Fundamentals Summary

How do Advantage Energy's earnings and revenue compare to its market cap?
AAV fundamental statistics
Market capCA$1.80b
Earnings (TTM)CA$84.22m
Revenue (TTM)CA$666.37m
21.0x
P/E Ratio
2.7x
P/S Ratio

Is AAV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AAV income statement (TTM)
RevenueCA$666.37m
Cost of RevenueCA$280.61m
Gross ProfitCA$385.76m
Other ExpensesCA$301.55m
EarningsCA$84.22m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.50
Gross Margin57.89%
Net Profit Margin12.64%
Debt/Equity Ratio55.3%

How did AAV perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 08:52
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Advantage Energy Ltd. is covered by 23 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Patrick O'RourkeATB Cormark
Kalvin BaimATB Cormark
Laique Ahmad Amir ArifATB Cormark

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