Advantage Energy (TSE:AAV) Stock Passes Below 200 Day Moving Average – Should You Sell?

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) shares 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 changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. BMO Capital Markets downgraded 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 research report on Tuesday, April 7th. ATB Cormark Capital Markets downgraded shares of Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and reduced their price target for the company from C$15.00 to C$14.00 in a research report on Friday, February 13th. Finally, National Bank Financial raised shares of Advantage Energy from a “hold” rating to an “outperform” rating and raised their price target for the company from C$14.00 to C$15.00 in a research report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Advantage Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$14.17.

Advantage Energy Stock Performance

The company has a debt-to-equity ratio of 48.61, a quick ratio of 0.72 and a current ratio of 0.38. The firm has a market cap of C$1.64 billion, a P/E ratio of 15.02, a P/E/G ratio of -3.58 and a beta of -0.23. The business’s 50-day simple moving average is C$10.38 and its 200 day simple moving average is C$11.03.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its 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, equities analysts predict that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Donald M. Clague bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average cost of C$9.92 per share, with a total value of C$49,600.00. Following the acquisition, the director owned 90,000 shares in the company, valued at C$892,800. This trade represents a 5.88% increase in their ownership of the stock. 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.