Advantage Energy (TSE:AAV) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.53 and traded as low as C$11.26. Advantage Energy shares last traded at C$11.30, with a volume of 315,540 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Raymond James Financial raised Advantage Energy from a “hold” rating to a “moderate buy” rating and increased their price objective for the stock from C$13.00 to C$15.00 in a report on Tuesday, December 9th. National Bankshares cut Advantage Energy from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$14.50 to C$14.00 in a research report on Wednesday, October 22nd. Desjardins raised their price objective 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. Natl Bk Canada cut shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, Royal Bank Of Canada increased their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Advantage Energy has an average rating of “Moderate Buy” and an average target price of C$14.00.

Advantage Energy Trading Down 1.8%

The stock has a market cap of C$1.89 billion, a PE ratio of 32.29, a PEG ratio of -3.58 and a beta of 0.11. 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 fifty day simple moving average of C$11.84 and a two-hundred day simple moving average of C$11.53.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings data on Tuesday, October 28th. The company reported C$0.00 earnings per share for the quarter. The company had revenue of C$137.96 million for the quarter. Advantage Energy had a net margin of 8.98% and a return on equity of 2.87%. As a group, equities analysts expect that Advantage Energy Ltd. will post 1.4701493 earnings per share 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.