Advantage Energy (TSE:AAV) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.46 and traded as high as C$12.60. Advantage Energy shares last traded at C$12.52, with a volume of 434,461 shares trading hands.

Wall Street Analyst Weigh In

AAV has been the subject of several recent research reports. Desjardins reduced their target price on shares of Advantage Energy from C$15.00 to C$14.50 and set a “buy” rating for the company in a report on Thursday, October 30th. National Bankshares downgraded Advantage Energy from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$14.50 to C$14.00 in a research report on Wednesday, October 22nd. Finally, Natl Bk Canada cut Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$12.93.

Advantage Energy Trading Up 1.0%

The firm has a market cap of C$2.09 billion, a price-to-earnings ratio of 35.77, a price-to-earnings-growth ratio of -3.58 and a beta of 0.16. The company’s 50-day moving average price is C$11.79 and its 200-day moving average price is C$11.46. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40.

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