Advantage Energy (TSE:AAV) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$9.60 and traded as low as C$8.27. Advantage Energy shares last traded at C$8.49, with a volume of 350,425 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on AAV. BMO Capital Markets lowered their price target on Advantage Energy from C$13.00 to C$12.00 in a report on Friday, October 4th. National Bankshares lowered their target price on shares of Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. National Bank Financial downgraded shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Cormark upgraded shares of Advantage Energy to a “moderate buy” rating in a report on Monday, September 23rd. Finally, TD Securities reiterated a “buy” rating and issued a C$13.00 price objective on shares of Advantage Energy in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$13.21.

Advantage Energy Trading Up 0.5 %

The company has a market capitalization of C$1.42 billion, a P/E ratio of 18.06, a PEG ratio of -3.58 and a beta of 1.46. The business has a 50 day moving average price of C$8.95 and a 200 day moving average price of C$9.60. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its earnings results on Thursday, October 24th. The company reported C($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). The company had revenue of C$144.86 million during the quarter, compared to analyst estimates of C$161.10 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. Analysts anticipate that Advantage Energy Ltd. will post 1.4701493 EPS for the current year.

Insider Activity at Advantage Energy

In other news, Senior Officer Geoffrey Keyser acquired 4,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were purchased at an average cost of C$8.89 per share, with a total value of C$35,540.00. Also, Director John Festival acquired 20,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was acquired at an average price of C$8.94 per share, with a total value of C$178,800.00. In the last ninety days, insiders bought 74,047 shares of company stock worth $655,072. Insiders own 1.55% 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.