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

by · The Markets Daily

Advantage Energy Ltd. (TSE:AAV – Get Free Report) (NYSE:AAV) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.53 and traded as low as C$11.26. Advantage Energy shares last traded at C$11.30, with a volume of 315,540 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AAV shares. Royal Bank Of Canada lifted their target price on 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 upgraded Advantage Energy from a “hold” rating to a “moderate buy” rating and lifted their price objective for the company from C$13.00 to C$15.00 in a report on Tuesday, December 9th. Desjardins increased their target price on Advantage Energy from C$14.50 to C$15.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. ATB Capital raised their target price on shares of Advantage Energy from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Finally, Natl Bk Canada cut shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Advantage Energy currently has an average rating of “Moderate Buy” and an average target price of C$14.00.

View Our Latest Research Report on Advantage Energy

Advantage Energy Stock Performance

The firm has a market cap of C$1.92 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of -3.58 and a beta of 0.11. The stock has a 50-day moving average of C$11.84 and a 200-day moving average of C$11.54. The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75.

Advantage Energy (TSE:AAV – Get Free Report) (NYSE:AAV) last released its quarterly earnings results on Tuesday, October 28th. The company reported C$0.00 earnings per share for the quarter. Advantage Energy had a return on equity of 2.87% and a net margin of 8.98%.The firm had revenue of C$137.96 million during the quarter. As a group, analysts anticipate that Advantage Energy Ltd. will post 1.4701493 EPS for the current fiscal year.

About Advantage Energy

(Get Free Report)

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.

See Also