Advantage Oil & Gas, now Advantage Energy Ltd., is scheduled to report results for the quarter ended September 30, 2026, after the market closes on October 29. The available consensus expects a loss of C$0.40 per share, based on one analyst. There’s no revenue estimate, so the EPS figure is a narrow benchmark, not a broad market view.
The company beat estimates in one of its last four reported quarters, including a 19.57% upside surprise in June. It missed in the three quarters before that. For Canadian investors, the upcoming earnings report also follows a reported Wembley-area asset sale and a CEO transition, both of which may affect views on the company’s finances and capital allocation.
Recent earnings trend
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Advantage Oil & Gas Ltd.
AAV.TO
AAV.TO
Advantage Oil & Gas Ltd.
WealthAwesomeMarket cap
$1.79B
P/E
21.4x
52W high
$13.20
52W low
$9.19
1W change
+0.85%
Beta
0.60
Analyst Price Targets
Based on analyst covering AAV · as of Oct 22, 2026
Wall Street analysts forecast AAV stock price to rise 26.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$13.50
+26.3% Upside
Previously C$13.64 on Oct 19, 2026
Current Price
C$10.69
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on AAV's historical volatility
30-Day Vol
29.9%
Annualized
90-Day Vol
24.2%
Annualized
Trend (90d)
+0.0%
Annualized drift
90d Mean
C$10.69
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$10.69 | C$9.64 – C$11.85 |
| 60 trading days | C$10.69 | C$9.24 – C$12.37 |
| 90 trading days | C$10.69 | C$8.94 – C$12.78 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-29 | — | -0.4000 | — |
| 2026-06-30 | 2026-08-05 | 0.2511 | 0.2100 | +19.6% |
| 2026-03-31 | 2026-04-29 | 0.1700 | 0.2700 | -37.0% |
| 2025-12-31 | 2026-03-05 | 0.0600 | 0.2900 | -79.3% |
| 2025-09-30 | 2025-10-28 | -0.0003 | 0.1500 | -100.2% |
| 2025-06-30 | 2025-08-05 | 0.4100 | 0.1600 | +156.3% |
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Investor takeaway: The main test on October 29 is whether earnings per share come in above or below the C$0.40 loss estimate. Since only one analyst contributed and there’s no revenue consensus, treat the comparison with caution. See the AAV.TO stock page for related coverage and data.
C$0.40 loss per share
One analyst expects a loss of C$0.40 per share for the quarter ended September 30. The estimate was C$0.00 30 days ago, with no upward or downward revisions since. There’s no revenue consensus, leaving EPS as the only available estimate to compare with the results.
Bull case
In June, Advantage reported EPS of C$0.2511, above the C$0.21 estimate. Supplemental headlines also say the Wembley-area asset sale closed for C$316 million before adjustments, with proceeds going toward bank debt reduction and resumed share repurchases. Evidence of continued operating strength and disciplined capital allocation in the upcoming report could support the bull case. These headlines offer context, but the company’s report will provide the fuller picture.
Bear case
Advantage’s recent earnings record has been uneven. It missed estimates in three of its last four reported quarters, including a larger-than-expected loss in September 2025. The current C$0.40 loss estimate comes from one analyst, and there’s no revenue consensus, so the pre-report benchmark is limited. The reported CEO transition is another factor to consider as the company reports its results.
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