Advantage Energy (TSE:AAV) Share Price Passes Below 200-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 Monday . The stock has a two hundred day moving average of C$11.42 and traded as low as C$10.32. Advantage Energy shares last traded at C$10.33, with a volume of 875,340 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. ATB Cormark Capital Markets downgraded shares of Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and dropped their target price for the company from C$15.00 to C$14.00 in a report on Friday, February 13th. Desjardins raised their price target on shares of Advantage Energy from C$14.50 to C$15.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. National Bank Financial raised Advantage Energy from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$14.00 to C$15.00 in a research report on Friday, February 13th. Raymond James Financial upgraded Advantage Energy from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$13.00 to C$15.00 in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada boosted their target price on Advantage Energy from C$12.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 11th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$14.14.

Advantage Energy Trading Down 2.6%

The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40. The firm has a market cap of C$1.72 billion, a PE ratio of 29.51, a P/E/G ratio of -3.58 and a beta of -0.04. The business has a fifty day moving average price of C$11.16 and a 200 day moving average price of C$11.42.

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.