Advantage Energy (TSE:AAV) Stock Crosses Below 200-Day Moving Average - Here's Why

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.49 and traded as low as C$9.19. Advantage Energy shares last traded at C$9.60, with a volume of 453,279 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Cormark raised shares of Advantage Energy to a "moderate buy" rating in a research note on Monday, September 23rd. BMO Capital Markets decreased their target price on Advantage Energy from C$13.00 to C$12.00 in a research report on Friday, October 4th. National Bank Financial cut shares of Advantage Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 8th. National Bankshares decreased their price target on shares of Advantage Energy from C$13.00 to C$11.50 in a report on Friday, September 27th. Finally, TD Securities reissued a "buy" rating and issued a C$13.00 target price on shares of Advantage Energy in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$13.21.

Advantage Energy Trading Up 2.7 %

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 business has a fifty day moving average of C$8.95 and a 200-day moving average of C$9.48. The stock has a market capitalization of C$1.65 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth 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 analysts' consensus estimates of C$0.03 by C($0.07). The business had revenue of C$144.86 million during the quarter, compared to the consensus estimate of C$161.10 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. On average, equities analysts anticipate that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current fiscal year.

Insider Transactions at Advantage Energy

In other Advantage Energy news, Director Stephen Balog purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average cost of C$8.80 per share, with a total value of C$44,000.00. Also, Director John Festival acquired 20,000 shares of the firm's stock in a transaction on Monday, October 28th. The shares were acquired at an average price of C$8.80 per share, with a total value of C$176,000.00. Insiders have purchased 54,047 shares of company stock valued at $476,272 over the last three months. Company 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.