Advantage Energy (TSE:AAV) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$10.10 and traded as high as C$10.82. Advantage Energy shares last traded at C$10.78, with a volume of 1,103,907 shares trading hands.

Analysts Set New Price Targets

AAV has been the topic of several recent research reports. Scotiabank upgraded shares of Advantage Energy to a “strong-buy” rating in a report on Friday, June 26th. BMO Capital Markets lowered shares of Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price target for the company. in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Advantage Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.17.

Advantage Energy Price Performance

The firm has a 50 day simple moving average of C$10.13 and a 200-day simple moving average of C$10.60. 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 company has a market cap of C$1.80 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of -3.58 and a beta of -0.52.

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

Insider Activity

In other Advantage Energy news, insider Darren Tisdale purchased 4,100 shares of Advantage Energy stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average cost of C$9.60 per share, with a total value of C$39,360.00. Following the completion of the transaction, the insider owned 217,782 shares in the company, valued at approximately C$2,090,707.20. This trade represents a 1.92% increase in their position. Also, insider Donald Craig Blackwood purchased 10,000 shares of Advantage Energy stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average cost of C$9.55 per share, for a total transaction of C$95,500.00. Following the completion of the transaction, the insider owned 1,109,248 shares of the company’s stock, valued at approximately C$10,593,318.40. This represents a 0.91% increase in their position. Over the last three months, insiders purchased 71,195 shares of company stock worth $684,488. 1.55% of the stock is currently owned by 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.