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

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$11.45 and traded as low as C$11.01. Advantage Energy shares last traded at C$11.05, with a volume of 526,510 shares traded.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. National Bankshares lowered Advantage Energy from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$14.50 to C$14.00 in a research report on Wednesday, October 22nd. Desjardins boosted their price target on Advantage Energy from C$14.50 to C$15.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Royal Bank Of Canada increased their price objective on shares of Advantage Energy from C$12.00 to C$14.00 and gave the company a “sector perform” rating in a research report on Thursday, December 11th. Raymond James Financial upgraded shares of Advantage Energy from a “hold” rating to a “moderate buy” rating and lifted their target price for the stock from C$13.00 to C$15.00 in a research note on Tuesday, December 9th. Finally, Natl Bk Canada lowered shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$14.14.

Advantage Energy Stock Down 0.5%

The firm has a market capitalization of C$1.84 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of -3.58 and a beta of -0.20. The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72. The business has a fifty day moving average price of C$11.80 and a two-hundred day moving average price of C$11.45.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its earnings results on Tuesday, October 28th. The company reported C$0.00 EPS for the quarter. Advantage Energy had a return on equity of 2.87% and a net margin of 8.98%.The firm had revenue of C$137.96 million during the quarter. On average, equities analysts expect that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current year.

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.