Advantage Energy (TSE:AAV) Shares Pass Below 200-Day Moving Average - What's Next?

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.93 and traded as low as C$8.57. Advantage Energy shares last traded at C$8.61, with a volume of 856,009 shares traded.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. National Bankshares cut their target price on Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. National Bank Financial lowered shares of Advantage Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 8th. BMO Capital Markets lowered their target price on shares of Advantage Energy from C$13.00 to C$12.00 in a research note on Friday, October 4th. CIBC reaffirmed a "neutral" rating and set a C$12.00 price target on shares of Advantage Energy in a research report on Thursday, August 29th. Finally, TD Securities reiterated a "buy" rating and set a C$13.00 price objective on shares of Advantage Energy in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Advantage Energy has a consensus rating of "Moderate Buy" and a consensus price target of C$13.21.

Advantage Energy Trading Down 4.9 %

The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76. The company has a market cap of C$1.44 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of -3.58 and a beta of 1.46. The company's fifty day moving average is C$9.13 and its two-hundred day moving average is C$9.92.

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

Insider Buying and Selling

In other Advantage Energy news, Director Stephen Balog purchased 5,000 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of C$8.80 per share, for a total transaction of C$44,000.00. Also, Director David Glenson Smith purchased 20,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were acquired at an average price of C$8.81 per share, for a total transaction of C$176,160.00. Insiders have purchased a total of 69,000 shares of company stock valued at $610,500 over the last ninety days. 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.