AAV.TO
Advantage Energy Ltd.
TorontoCADEQUITY
Energy
DELAYED
Last price
11.20
▲ 0.10 (0.90%)
MARKET · —
Price
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
11.09
Prev close
11.10
Day high
11.24
Day low
11.09
Volume
414.75K
Market cap
$1.88B
P/E (TTM)
22.86
52W range
9.19 – 13.20
Trailing performance
Returnvs SPY
1W
+1.27%
+2.6%
1M
+3.04%
-0.7%
3M
+8.84%
+5.7%
6M
+5.56%
-5.5%
YTD
-4.60%
-16.9%
1Y
+9.48%
-10.5%
3Y
+19.15%
-55.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on AAV.TO open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
2.22M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 31, 26 | Advantage Energy Ltd. Issuer |
BUY | 132.70K | $994.59K | Direct |
| Jul 31, 26 | Advantage Energy Ltd. Issuer |
BUY | 132.70K | $994.59K | Direct |
| Jun 30, 26 | Advantage Energy Ltd. Issuer |
BUY | 600 | $4.17K | Direct |
| Jun 30, 26 | Advantage Energy Ltd. Issuer |
BUY | 600 | $4.17K | Direct |
| Jun 30, 26 | Bagnell (Brian Eric) Senior Officer of Issuer |
BUY | 1.22K | $8.59K | Direct |
| Jun 30, 26 | Blackwood, Donald Craig Senior Officer of Issuer |
BUY | 1.33K | $9.38K | Direct |
| Jun 30, 26 | Bokenfohr (Neil) Senior Officer of Issuer |
BUY | 1.27K | $8.98K | Direct |
| Jun 30, 26 | Keyser (Geoffrey) Senior Officer of Issuer |
BUY | 1.22K | $8.59K | Direct |
| Jun 30, 26 | Quaife (John) Senior Officer of Issuer |
BUY | 1.22K | $8.59K | Direct |
| Jun 30, 26 | Tisdale (Darren) Senior Officer of Issuer |
BUY | 1.22K | $8.59K | Direct |
| Jun 18, 26 | Keyser (Geoffrey) Senior Officer of Issuer |
BUY | 4.00K | $27.84K | Direct |
| Jun 17, 26 | Farb (Daniel Stuart) Director of Issuer |
BUY | 25.00K | $173.22K | Direct |
| Jun 16, 26 | Bagnell (Brian Eric) Senior Officer of Issuer |
BUY | 2.10K | $14.31K | Direct |
| Jun 16, 26 | Blackwood, Donald Craig Senior Officer of Issuer |
BUY | 10.00K | $68.28K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Advantage Energy Ltd. |
Issuer | 132.70K | Redemption, retraction, cancelation, repurchase |
Belenkie, Michael |
Director of Issuer | 1.19M | Acquisition or disposition under a purchase/ownership plan |
Blackwood, Donald Craig |
Senior Officer of Issuer | 1.11M | Acquisition or disposition under a purchase/ownership plan |
Bokenfohr (Neil) |
Senior Officer of Issuer | 1.57M | Acquisition or disposition under a purchase/ownership plan |
Clague (Donald M) |
Director of Issuer | 90.00K | Acquisition or disposition in the public market |
Festival (John L) |
Director of Issuer | 300.00K | Acquisition or disposition in the public market |
Keyser (Geoffrey) |
Senior Officer of Issuer | 152.53K | Acquisition or disposition under a purchase/ownership plan |
Quaife (John) |
Senior Officer of Issuer | 406.14K | Acquisition or disposition under a purchase/ownership plan |
Smith (David G) |
Director of Issuer | 100.00K | Acquisition or disposition in the public market |
Tisdale (Darren) |
Senior Officer of Issuer | 219.00K | Acquisition or disposition under a purchase/ownership plan |
Fundamentals
Market cap$1.88B
Enterprise value$2.80B
Revenue (TTM)$666.37M
Gross profit$385.76M
EBITDA$397.11M
Net income$84.22M
EPS (TTM)$0.49
Free cash flow$-136.75M
Total cash$50.02M
Total debt$976.49M
Book value / share$10.56
Shares outstanding167.44M
Float145.59M
Short % of float2.53%
Dividend yield—
Beta (5Y)0.45
Valuation & profitability ratios
Trailing P/E22.86
Forward P/E9.28
PEG ratio—
Price / sales—
Price / book1.06
EV / revenue4.20
EV / EBITDA7.04
Gross margin57.89%
Operating margin39.12%
Profit margin12.64%
Return on equity4.75%
Return on assets3.45%
Debt / equity55.39
Current ratio0.34
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $705.94M | $550.10M | $551.85M | $964.37M | +28.3% |
| Operating revenue | $703.22M | $548.76M | $551.84M | $964.37M | +28.1% |
| Cost of revenue | $287.59M | $251.96M | $194.70M | $244.93M | +14.1% |
| Gross profit | $418.35M | $298.14M | $357.15M | $719.44M | +40.3% |
| Selling, general & admin | $48.56M | $36.98M | $31.18M | $27.81M | +31.3% |
| Total operating expense | $319.49M | $263.86M | $206.24M | $182.17M | +21.1% |
| Operating income | $98.86M | $34.28M | $150.91M | $537.27M | +188.4% |
| Net interest income | -$57.06M | -$50.40M | -$30.09M | -$19.01M | -13.2% |
| Pre-tax income | $75.72M | $32.92M | $135.91M | $442.90M | +130.0% |
| Tax provision | $24.71M | $12.80M | $35.63M | $105.14M | +93.0% |
| Net income | $53.05M | $21.72M | $101.60M | $338.67M | +144.3% |
| Net income to common | $53.05M | $21.72M | $101.60M | $338.67M | +144.3% |
| Basic EPS | 0.32 | 0.13 | 0.61 | 1.81 | +146.2% |
| Diluted EPS | 0.31 | 0.13 | 0.59 | 1.75 | +138.5% |
| EBIT | $132.60M | $82.38M | $166.00M | $462.74M | +61.0% |
| EBITDA | $360.64M | $281.87M | $314.90M | $596.65M | +27.9% |
| Basic shares | 166.98M | 163.95M | 166.55M | 187.02M | +1.8% |
| Diluted shares | 170.18M | 166.82M | 171.83M | 193.87M | +2.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $17.73M | $20.15M | $19.26M | $48.94M | -12.0% |
| Cash & short-term investments | $17.73M | $20.15M | $19.26M | $48.94M | -12.0% |
| Accounts receivable | $81.87M | $79.56M | $49.60M | $92.82M | +2.9% |
| Total current assets | $148.56M | $163.69M | $120.46M | $178.73M | -9.2% |
| Property, plant & equipment | $2.86B | $2.69B | $2.09B | $1.94B | +6.0% |
| Goodwill & intangibles | $22.78M | $5.25M | $5.36M | $4.01M | +334.2% |
| Total assets | $3.07B | $2.95B | $2.30B | $2.22B | +4.2% |
| Total current liabilities | $383.22M | $250.51M | $142.70M | $137.83M | +53.0% |
| Current debt | $255.05M | $105.03M | $46.26M | $25.44M | +142.8% |
| Long-term debt | $539.58M | $593.01M | $212.85M | $177.20M | -9.0% |
| Total debt | $794.63M | $698.03M | $259.12M | $202.64M | +13.8% |
| Total liabilities | $1.38B | $1.31B | $742.63M | $652.28M | +5.4% |
| Retained earnings | -$508.21M | -$561.26M | -$582.98M | -$684.58M | +9.5% |
| Shareholder equity | $1.69B | $1.64B | $1.56B | $1.56B | +3.4% |
| Working capital | -$234.66M | -$86.82M | -$22.24M | $40.89M | -170.3% |
| Net tangible assets | $1.67B | $1.63B | $1.55B | $1.56B | +2.4% |
| Shares issued | 166.94M | 166.93M | 162.23M | 171.65M | +0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $75.72M | $32.92M | $135.91M | $442.90M | +130.0% |
| Depreciation & amortisation | $228.04M | $199.49M | $148.90M | $133.92M | +14.3% |
| Stock-based compensation | $8.21M | $3.89M | $6.55M | $5.52M | +111.0% |
| Change in working capital | -$6.70M | -$20.80M | $13.82M | -$12.20M | +67.8% |
| Operating cash flow | $357.49M | $217.53M | $323.35M | $502.38M | +64.3% |
| Capital expenditure | -$391.78M | -$303.06M | -$273.62M | -$241.79M | -29.3% |
| Investing cash flow | -$421.96M | -$697.73M | -$282.76M | -$269.58M | +39.5% |
| Share buybacks | -$6.72M | -$21.74M | -$117.34M | -$240.97M | +69.1% |
| Financing cash flow | $62.06M | $481.08M | -$70.26M | -$209.09M | -87.1% |
| Free cash flow | -$34.29M | -$85.53M | $49.73M | $260.59M | +59.9% |
| End cash position | $17.73M | $20.15M | $19.26M | $48.94M | -12.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $204.37M | $206.92M | $182.49M | $164.59M | $221.79M | -1.2% |
| Operating revenue | $204.37M | $206.92M | $179.77M | $164.59M | $221.79M | -1.2% |
| Cost of revenue | $84.02M | $74.02M | $69.71M | $69.33M | $81.32M | +13.5% |
| Gross profit | $120.35M | $132.91M | $112.78M | $95.26M | $140.47M | -9.4% |
| Selling, general & admin | $16.17M | $16.19M | $10.87M | $13.46M | $13.30M | -0.1% |
| Total operating expense | $80.28M | $86.13M | $84.27M | $77.03M | $79.38M | -6.8% |
| Operating income | $40.07M | $46.78M | $28.50M | $18.23M | $61.09M | -14.4% |
| Net interest income | -$14.56M | -$14.70M | -$11.11M | -$16.10M | -$15.17M | +1.0% |
| Pre-tax income | $60.15M | $41.26M | $14.37M | $95.86M | -$36.37M | +45.8% |
| Tax provision | $15.64M | $12.55M | $5.39M | $23.96M | -$7.01M | +24.7% |
| Net income | $45.11M | $29.53M | $9.62M | $72.50M | -$29.02M | +52.8% |
| Net income to common | $45.11M | $29.53M | $9.62M | $72.50M | -$29.02M | +52.8% |
| Basic EPS | 0.27 | 0.18 | — | 0.43 | -0.17 | +50.0% |
| Diluted EPS | 0.26 | 0.17 | — | 0.41 | -0.17 | +52.9% |
| EBIT | $74.71M | $55.96M | $25.31M | $111.96M | -$21.20M | +33.5% |
| EBITDA | $129.00M | $115.26M | $81.56M | $168.04M | $39.04M | +11.9% |
| Basic shares | 167.61M | 166.97M | — | 167.18M | 166.82M | +0.4% |
| Diluted shares | 179.64M | 170.37M | — | 180.79M | 166.82M | +5.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $50.02M | $32.53M | $17.73M | $73.75M | $46.85M | +53.8% |
| Cash & short-term investments | $50.02M | $32.53M | $17.73M | $73.75M | $46.85M | +53.8% |
| Accounts receivable | $76.57M | $93.98M | $81.87M | $76.76M | $90.05M | -18.5% |
| Total current assets | $186.11M | $196.00M | $148.56M | $210.68M | $163.10M | -5.0% |
| Property, plant & equipment | $3.05B | $2.97B | $2.86B | $2.76B | $2.75B | +2.7% |
| Goodwill & intangibles | $22.44M | $22.68M | $22.78M | $5.19M | $5.19M | -1.1% |
| Total assets | $3.32B | $3.23B | $3.07B | $3.03B | $2.96B | +2.8% |
| Total current liabilities | $547.00M | $515.40M | $383.22M | $313.94M | $319.54M | +6.1% |
| Current debt | $367.52M | $312.07M | $255.05M | $202.09M | $147.17M | +17.8% |
| Long-term debt | $526.60M | $526.70M | $539.58M | $565.48M | $569.87M | -0.0% |
| Total debt | $894.12M | $838.77M | $794.63M | $767.56M | $717.04M | +6.6% |
| Total liabilities | $1.56B | $1.51B | $1.38B | $1.35B | $1.36B | +3.2% |
| Retained earnings | -$433.57M | -$478.68M | -$508.21M | -$517.78M | -$590.28M | +9.4% |
| Shareholder equity | $1.77B | $1.73B | $1.69B | $1.68B | $1.61B | +2.4% |
| Working capital | -$360.89M | -$319.40M | -$234.66M | -$103.27M | -$156.44M | -13.0% |
| Net tangible assets | $1.75B | $1.70B | $1.67B | $1.67B | $1.60B | +2.5% |
| Shares issued | 167.77M | 167.77M | 166.94M | 167.02M | 166.63M | 0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $60.15M | $41.26M | $14.37M | $95.86M | -$36.37M | +45.8% |
| Depreciation & amortisation | $54.30M | $59.30M | $56.25M | $56.08M | $60.24M | -8.4% |
| Stock-based compensation | $235.00K | $3.13M | $1.25M | $2.62M | $1.68M | -92.5% |
| Change in working capital | $22.42M | -$54.00K | -$20.87M | -$3.99M | $5.70M | +41,611.1% |
| Operating cash flow | $104.63M | $117.08M | $74.36M | $80.08M | $122.95M | -10.6% |
| Capital expenditure | -$126.11M | -$180.91M | -$111.63M | -$67.29M | -$117.99M | +30.3% |
| Investing cash flow | -$130.90M | -$134.24M | -$116.48M | -$95.23M | -$107.92M | +2.5% |
| Share buybacks | -$3.31M | $0 | $0 | -$2.97M | -$2.89M | — |
| Financing cash flow | $43.76M | $31.96M | $41.39M | $42.05M | $11.67M | +36.9% |
| Free cash flow | -$21.48M | -$63.83M | -$37.28M | $12.80M | $4.96M | +66.4% |
| End cash position | $50.02M | $32.53M | $17.73M | $73.75M | $46.85M | +53.8% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Mar 2026 | 0.27 | 0.17 | -37.0% |
| Dec 2025 | 0.29 | 0.06 | -79.3% |
| Sep 2025 | 0.15 | 0.00 | -100.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.26 | 1 | $0 | — |
| Next quarter | — | — | $0 | — |
| Current year | 0.92 | 3 | $860.50M | +15.4% |
| Next year | 1.21 | 3 | $977.33M | +13.6% |
Analyst targets & ownership
Mean target$13.98
High target$17.50
Low target$12.00
Implied upside24.78%
Analyst count10
ConsensusBUY
Strong buy / Buy4 / 2
Hold4
Sell / Strong sell0 / 0
Held by insiders1.33%
Held by institutions45.34%
Institutions holding75
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
11.03
+1.52% from price
SMA 20
10.93
+2.44% from price
SMA 50
10.58
+5.87% from price
SMA 100
10.32
+8.55% from price
SMA 200
10.87
+3.04% from price
EMA 12
11.00
+1.83% from price
EMA 26
10.87
+3.03% from price
EMA 50
10.70
+4.70% from price
RSI (14)
60.6
Neutral
MACD (12,26,9)
0.13
Hist 0.00
ATR (14)
0.23
2.09% of price
Realised vol 30D
21.8%
Annualised
Bollinger upper
11.26
20, 2σ
Bollinger lower
10.61
20, 2σ
50 / 200 cross
Death
10.58 vs 10.87
Trend bias
Above 200
+3.04%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.13
Less volatile than market
Correlation to SPY
-0.06
Largely independent
Realised vol 30D
21.8%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-25.5%
Peak to trough
Max drawdown 5Y
-42.1%
Peak to trough
ATR 14
0.23
2.09% of price
Beta (reported)
0.45
5Y monthly, from filing
Short interest
Shares short
3.67M
Prior 3.01M
Change vs prior
+22.2%
Shorts adding
% of float
2.53%
Normal
% of shares out
2.19%
Against total outstanding
Days to cover
5.7
Crowded exit
Float
145.59M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Dec 11, 24 | RBC Capital | MAINTAINED | Sector Perform | Sector Perform |
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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