Advantage Energy (TSE:AAV) Stock Passes Above 200 Day Moving Average of $9.41

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.41 and traded as high as C$10.46. Advantage Energy shares last traded at C$10.12, with a volume of 287,076 shares.

Analyst Ratings Changes

A number of research analysts recently commented on the company. TD Securities upped their price objective on Advantage Energy from C$11.50 to C$12.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Raymond James reduced their price target on shares of Advantage Energy from C$13.00 to C$11.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. CIBC reduced their target price on shares of Advantage Energy from C$10.50 to C$9.75 in a report on Tuesday, January 16th. BMO Capital Markets reiterated an “outperform” rating and set a C$13.00 price target on shares of Advantage Energy in a research note on Monday, April 8th. Finally, Royal Bank of Canada upped their target price on shares of Advantage Energy from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.34.

Advantage Energy Stock Performance

The firm’s 50-day moving average price is C$9.84 and its two-hundred day moving average price is C$9.42. The firm has a market capitalization of C$1.66 billion, a PE ratio of 17.58, a P/E/G ratio of -3.58 and a beta of 1.65. The company has a quick ratio of 0.72, a current ratio of 1.25 and a debt-to-equity ratio of 22.74.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its earnings results on Monday, March 4th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.06. Advantage Energy had a net margin of 19.94% and a return on equity of 6.43%. The firm had revenue of C$147.14 million during the quarter, compared to analysts’ expectations of C$141.00 million. As a group, research analysts predict that Advantage Energy Ltd. will post 0.5298117 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Advantage Energy news, Director John Larry Festival purchased 40,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were purchased at an average price of C$9.95 per share, with a total value of C$398,000.00. 1.27% of the stock is currently owned by insiders.

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.