Advantage Energy (TSE:AAV) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.60 and traded as low as C$8.27. Advantage Energy shares last traded at C$8.49, with a volume of 350,425 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. BMO Capital Markets lowered their price target on shares of Advantage Energy from C$13.00 to C$12.00 in a research report on Friday, October 4th. National Bank Financial cut shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Cormark raised Advantage Energy to a “moderate buy” rating in a report on Monday, September 23rd. National Bankshares decreased their price objective on Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. Finally, TD Securities restated a “buy” rating and issued a C$13.00 target price on shares of Advantage Energy in a research note on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Advantage Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$13.21.

Advantage Energy Trading Up 0.5 %

The firm’s 50-day simple moving average is C$8.95 and its 200-day simple moving average is C$9.59. The firm has a market capitalization of C$1.42 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 46.86.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings data on Thursday, October 24th. The company reported C($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). The firm had revenue of C$144.86 million for the quarter, compared to analysts’ expectations of C$161.10 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. Analysts anticipate that Advantage Energy Ltd. will post 1.4701493 EPS for the current year.

Insider Activity

In related news, Senior Officer Darren Tisdale acquired 3,000 shares of Advantage Energy stock in a transaction dated Friday, November 15th. The shares were purchased at an average cost of C$8.85 per share, with a total value of C$26,550.00. Also, Director Stephen Balog acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was bought at an average price of C$8.80 per share, for a total transaction of C$44,000.00. In the last 90 days, insiders acquired 74,047 shares of company stock valued at $655,072. Corporate insiders own 1.55% of the company’s stock.

Advantage Energy Company Profile

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. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.