Advantage Energy (TSE:AAV) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s share price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$10.39 and traded as high as C$10.81. Advantage Energy shares last traded at C$10.77, with a volume of 815,391 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AAV shares. Raymond James Financial cut shares of Advantage Energy from a “moderate buy” rating to a “hold” rating and cut their price target for the stock from C$14.00 to C$13.00 in a research report on Wednesday, September 16th. Scotiabank upgraded Advantage Energy to a “strong-buy” rating in a report on Friday, June 26th. Finally, Ventum Financial set a C$13.50 target price on Advantage Energy and gave the company a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Advantage Energy has an average rating of “Moderate Buy” and an average price target of C$13.79.

Advantage Energy Trading Down 0.7%

The company has a market cap of C$1.79 billion, a P/E ratio of 21.82, a PEG ratio of -3.58 and a beta of -0.47. The company has a current ratio of 0.34, a quick ratio of 0.72 and a debt-to-equity ratio of 55.11. The business has a 50 day moving average price of C$10.60 and a 200-day moving average price of C$10.39.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its earnings results on Thursday, July 30th. The company reported C$0.27 earnings per share for the quarter. The business had revenue of C$178.76 million during the quarter. Advantage Energy had a net margin of 12.02% and a return on equity of 4.91%. Analysts forecast that Advantage Energy Ltd. will post 1.47 earnings per share for the current fiscal year.

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.