Advantage Energy (TSE:AAV) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$10.40 and traded as low as C$10.31. Advantage Energy shares last traded at C$10.41, with a volume of 665,713 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on AAV. Scotiabank raised shares of Advantage Energy to a “strong-buy” rating in a report on Friday, June 26th. Raymond James Financial cut Advantage Energy from a “moderate buy” rating to a “hold” rating and cut their target price for the stock from C$14.00 to C$13.00 in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Advantage Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$13.83.

Advantage Energy Price Performance

The stock has a fifty day simple moving average of C$10.64 and a 200-day simple moving average of C$10.39. The company has a market capitalization of C$1.77 billion, a PE ratio of 21.63, a P/E/G 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.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its earnings results on Thursday, July 30th. The company reported C$0.27 earnings per share (EPS) 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%. Equities analysts anticipate that Advantage Energy Ltd. will post 1.47 earnings per share for the current 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.