Advantage Energy (TSE:AAV) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.25 and traded as high as C$12.25. Advantage Energy shares last traded at C$12.22, with a volume of 379,093 shares changing hands.

Wall Street Analyst Weigh In

AAV has been the topic of several recent analyst reports. Desjardins dropped their price objective on Advantage Energy from C$15.00 to C$14.50 and set a “buy” rating on the stock in a research report on Thursday, October 30th. National Bankshares downgraded shares of Advantage Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$14.50 to C$14.00 in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Advantage Energy has a consensus rating of “Moderate Buy” and an average target price of C$12.93.

Advantage Energy Stock Up 0.8%

The company has a market cap of C$2.04 billion, a P/E ratio of 34.91, a price-to-earnings-growth ratio of -3.58 and a beta of 0.16. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40. The company has a fifty day moving average of C$11.51 and a 200 day moving average of C$11.25.

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.