Advantage Energy (TSE:AAV) Stock Passes Below 200 Day Moving Average – Should You Sell?

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.03 and traded as low as C$9.66. Advantage Energy shares last traded at C$9.76, with a volume of 1,137,568 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AAV shares. ATB Cormark Capital Markets cut Advantage Energy from a “strong-buy” rating to a “moderate buy” rating and decreased their target price for the stock from C$15.00 to C$14.00 in a report on Friday, February 13th. National Bank Financial upgraded shares of Advantage Energy from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$14.00 to C$15.00 in a research note on Friday, February 13th. Finally, BMO Capital Markets cut shares of Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 target price on the stock. in a research note on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$14.17.

Advantage Energy Stock Down 0.2%

The company has a market capitalization of C$1.64 billion, a PE ratio of 15.02, a PEG ratio of -3.58 and a beta of -0.23. The company’s 50 day moving average is C$10.38 and its two-hundred day moving average is C$11.03. The company has a quick ratio of 0.72, a current ratio of 0.38 and a debt-to-equity ratio of 48.61.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings results on Thursday, March 5th. The company reported C$0.06 EPS for the quarter. Advantage Energy had a net margin of 16.83% and a return on equity of 6.59%. The business had revenue of C$169.03 million for the quarter. On average, analysts anticipate that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current year.

Insider Activity at Advantage Energy

In related news, Director Donald M. Clague acquired 5,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of C$9.92 per share, with a total value of C$49,600.00. Following the acquisition, the director directly owned 90,000 shares of the company’s stock, valued at approximately C$892,800. This trade represents a 5.88% increase in their ownership of the stock. 1.55% of the stock is owned by company insiders.

Advantage Energy Company Profile

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.