Advantage Energy (TSE:AAV) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.42 and traded as low as C$10.32. Advantage Energy shares last traded at C$10.33, with a volume of 875,340 shares trading hands.

Wall Street Analyst Weigh In

AAV has been the topic of a number of recent research reports. ATB Cormark Capital Markets lowered Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and reduced their price target for the stock from C$15.00 to C$14.00 in a research report on Friday, February 13th. Raymond James Financial raised shares of Advantage Energy from a “hold” rating to a “moderate buy” rating and increased their price target for the company from C$13.00 to C$15.00 in a research report on Tuesday, December 9th. National Bank Financial raised shares of Advantage Energy from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from C$14.00 to C$15.00 in a research report on Friday, February 13th. Royal Bank Of Canada boosted their price objective 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. Finally, Desjardins increased their target price 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. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$14.14.

Advantage Energy Price Performance

The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72. The company has a market capitalization of C$1.72 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of -3.58 and a beta of -0.04. The stock has a fifty day simple moving average of C$11.16 and a 200-day simple moving average of C$11.42.

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.