Advantage Energy (TSE:AAV) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.73 and traded as low as C$9.85. Advantage Energy shares last traded at C$10.15, with a volume of 3,513,690 shares traded.

Analysts Set New Price Targets

Separately, BMO Capital Markets downgraded Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 target price on the stock. in a research report on Tuesday, April 7th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Advantage Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$14.17.

Advantage Energy Stock Up 1.4%

The company has a current ratio of 0.38, a quick ratio of 0.72 and a debt-to-equity ratio of 48.61. The stock has a market capitalization of C$1.70 billion, a P/E ratio of 15.62, a P/E/G ratio of -3.58 and a beta of -0.42. The business has a 50-day moving average price of C$9.97 and a 200 day moving average price of C$10.73.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced 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 company had revenue of C$169.03 million for the quarter. On average, equities analysts expect that Advantage Energy Ltd. will post 1.4701493 EPS for the current fiscal year.

Insider Buying and Selling at Advantage Energy

In other Advantage Energy news, Director John Festival acquired 50,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of C$9.60 per share, with a total value of C$480,000.00. Following the purchase, the director directly owned 300,000 shares of the company’s stock, valued at approximately C$2,880,000. This represents a 20.00% increase in their position. Also, insider Darren Tisdale bought 4,100 shares of Advantage Energy stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average price of C$9.60 per share, for a total transaction of C$39,360.00. Following the completion of the acquisition, the insider owned 217,782 shares in the company, valued at approximately C$2,090,707.20. The trade was a 1.92% increase in their ownership of the stock. Over the last quarter, insiders acquired 71,195 shares of company stock valued at $684,488. Corporate 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.