Advantage Energy (TSE:AAV) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV's stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.60 and traded as low as C$8.27. Advantage Energy shares last traded at C$8.49, with a volume of 350,425 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AAV shares. National Bank Financial downgraded Advantage Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 8th. CIBC reaffirmed a "neutral" rating and set a C$12.00 price target on shares of Advantage Energy in a research note on Thursday, August 29th. National Bankshares reduced their target price on Advantage Energy from C$13.00 to C$11.50 in a report on Friday, September 27th. TD Securities reiterated a "buy" rating and set a C$13.00 target price on shares of Advantage Energy in a report on Wednesday, October 9th. Finally, BMO Capital Markets dropped their price objective on shares of Advantage Energy from C$13.00 to C$12.00 in a research report on Friday, October 4th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$13.21.

Advantage Energy Price Performance

The business has a fifty day moving average of C$8.95 and a 200 day moving average of C$9.60. The company has a debt-to-equity ratio of 46.86, a current ratio of 0.76 and a quick ratio of 0.72. The stock has a market cap of C$1.42 billion, a PE ratio of 18.06, a P/E/G ratio of -3.58 and a beta of 1.46.

Advantage Energy (TSE:AAV - Get Free Report) NYSE: AAV last released its earnings results on Thursday, October 24th. The company reported C($0.04) EPS for the quarter, missing the consensus estimate of C$0.03 by C($0.07). The business had revenue of C$144.86 million for the quarter, compared to analysts' expectations of C$161.10 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. Sell-side analysts anticipate that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John Festival purchased 20,000 shares of the stock in a transaction dated Monday, October 28th. The stock was acquired at an average cost of C$8.80 per share, for a total transaction of C$176,000.00. Also, Director Stephen Balog acquired 5,000 shares of Advantage Energy stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average price of C$8.80 per share, for a total transaction of C$44,000.00. Insiders purchased a total of 74,047 shares of company stock valued at $655,072 in the last ninety days. Corporate insiders own 1.55% of the company's stock.

Advantage Energy Company Profile

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.