Advantage Energy (TSE:AAV) Shares Cross Above 200 Day Moving Average of $9.41

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.41 and traded as high as C$10.46. Advantage Energy shares last traded at C$10.12, with a volume of 287,076 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AAV shares. Desjardins dropped their price target on shares of Advantage Energy from C$13.25 to C$13.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Royal Bank of Canada lifted their price target on shares of Advantage Energy from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 5th. Stifel Nicolaus dropped their price target on shares of Advantage Energy from C$14.50 to C$13.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Scotiabank lifted their price target on shares of Advantage Energy from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 5th. Finally, CIBC dropped their target price on shares of Advantage Energy from C$10.50 to C$9.75 in a research report on Tuesday, January 16th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$12.34.

Advantage Energy Trading Down 3.5 %

The company has a current ratio of 1.25, a quick ratio of 0.72 and a debt-to-equity ratio of 22.74. The company has a market capitalization of C$1.62 billion, a P/E ratio of 17.15, a PEG ratio of -3.58 and a beta of 1.65. The business has a 50 day moving average price of C$9.81 and a 200 day moving average price of C$9.41.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its earnings results on Monday, March 4th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.06. Advantage Energy had a return on equity of 6.43% and a net margin of 19.94%. The business had revenue of C$147.14 million during the quarter, compared to analysts’ expectations of C$141.00 million. Analysts anticipate that Advantage Energy Ltd. will post 0.5298117 EPS for the current year.

Insiders Place Their Bets

In related news, Director John Larry Festival acquired 40,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was bought at an average price of C$9.95 per share, with a total value of C$398,000.00. Insiders own 1.27% of the company’s stock.

About Advantage Energy

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.