Advantage Energy (TSE:AAV) Stock Passes Below 200 Day Moving Average – What’s Next?

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.03 and traded as low as C$9.66. Advantage Energy shares last traded at C$9.76, with a volume of 1,137,568 shares trading hands.

Analysts Set New Price Targets

AAV has been the subject of a number of analyst reports. ATB Cormark Capital Markets downgraded shares of Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and lowered their target price for the stock from C$15.00 to C$14.00 in a research note on Friday, February 13th. National Bank Financial raised shares of Advantage Energy from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$14.00 to C$15.00 in a research note on Friday, February 13th. Finally, BMO Capital Markets downgraded 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 research note on Tuesday, April 7th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Advantage Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$14.17.

Advantage Energy Trading Down 0.1%

The company has a quick ratio of 0.72, a current ratio of 0.38 and a debt-to-equity ratio of 48.61. The stock has a market capitalization of C$1.63 billion, a P/E ratio of 14.97, a P/E/G ratio of -3.58 and a beta of -0.23. The firm’s 50 day simple moving average is C$10.31 and its two-hundred day simple moving average is C$11.00.

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

Insiders Place Their Bets

In related news, Director Donald M. Clague purchased 5,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of C$9.92 per share, with a total value of C$49,600.00. Following the completion of the purchase, the director owned 90,000 shares in the company, valued at approximately C$892,800. This trade represents a 5.88% increase in their position. Company insiders own 1.55% of the company’s stock.

About Advantage Energy

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.