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) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.45 and traded as low as C$11.01. Advantage Energy shares last traded at C$11.05, with a volume of 526,510 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AAV shares. 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 report on Thursday, December 11th. Raymond James Financial raised shares of Advantage Energy from a “hold” rating to a “moderate buy” rating and upped their price target for the stock from C$13.00 to C$15.00 in a research report on Tuesday, December 9th. ATB Capital increased their price objective on shares of Advantage Energy from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th. Natl Bk Canada downgraded shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, National Bankshares lowered Advantage Energy from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$14.50 to C$14.00 in a report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.14.

Advantage Energy Trading Down 0.5%

The firm has a market capitalization of C$1.84 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of -3.58 and a beta of -0.20. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40. The company’s 50-day simple moving average is C$11.80 and its 200 day simple moving average is C$11.45.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings data on Tuesday, October 28th. The company reported C$0.00 earnings per share (EPS) for the quarter. The firm 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, sell-side analysts expect that Advantage Energy Ltd. will post 1.4701493 EPS for the current 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.