Advantage Energy (TSE:AAV) Stock Passes Below 200-Day Moving Average – Here’s Why

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$11.09 and traded as low as C$10.14. Advantage Energy shares last traded at C$10.37, with a volume of 1,642,709 shares.

Analyst Upgrades and Downgrades

AAV has been the subject of several analyst reports. BMO Capital Markets lowered shares of Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 target price for the company. in a report on Tuesday, April 7th. National Bank Financial raised shares of Advantage Energy from a “hold” rating to an “outperform” rating and increased their target price for the stock from C$14.00 to C$15.00 in a report on Friday, February 13th. Finally, ATB Cormark Capital Markets lowered shares of Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and reduced their target price for the stock from C$15.00 to C$14.00 in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$14.17.

Advantage Energy Stock Up 3.2%

The company’s fifty day moving average is C$10.48 and its 200-day moving average is C$11.09. The company has a market capitalization of C$1.74 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of -3.58 and a beta of -0.23. The company has a debt-to-equity ratio of 48.61, a quick ratio of 0.72 and a current ratio of 0.38.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its earnings results on Thursday, March 5th. The company reported C$0.06 earnings per share (EPS) for the quarter. Advantage Energy had a net margin of 16.83% and a return on equity of 6.59%. The company had revenue of C$169.03 million during the quarter. As a group, analysts predict that Advantage Energy Ltd. will post 1.4701493 EPS for the current fiscal year.

Insider Transactions at Advantage Energy

In related news, Director Donald M. Clague acquired 5,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of C$9.92 per share, with a total value of C$49,600.00. Following the acquisition, the director directly owned 90,000 shares in the company, valued at C$892,800. This represents a 5.88% increase in their position. 1.55% of the stock is currently owned by company insiders.

Advantage Energy Company Profile

Advantage Energy Ltd supplies clean, affordable, reliable, and sustainable Canadian energy to power the needs of Canada and the world. It is focused on the development and delineation of its Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla, and Progress, Alberta.