Advantage Energy (TSE:AAV) Stock Passes Above 200 Day Moving Average - What's Next?

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.35 and traded as high as C$10.49. Advantage Energy shares last traded at C$10.38, with a volume of 524,812 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. CIBC raised their target price on Advantage Energy from C$11.00 to C$11.50 in a research note on Friday, January 17th. BMO Capital Markets boosted their target price on shares of Advantage Energy from C$12.00 to C$13.00 in a research note on Tuesday, January 14th. National Bankshares upgraded shares of Advantage Energy from a "sector perform" rating to an "outperform" rating and raised their price target for the company from C$11.50 to C$15.00 in a research note on Thursday, January 30th. Cormark upgraded Advantage Energy to a "moderate buy" rating in a research report on Thursday, March 6th. Finally, National Bank Financial upgraded Advantage Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 20th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$13.85.

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Advantage Energy Stock Performance

The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75. The firm has a 50 day moving average of C$9.66 and a 200-day moving average of C$9.35. The stock has a market capitalization of C$1.75 billion, a PE ratio of 38.46, a P/E/G ratio of -3.58 and a beta of 1.46.

Insider Activity at Advantage Energy

In other news, Senior Officer Geoffrey Keyser bought 3,000 shares of the company's stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of C$9.10 per share, with a total value of C$27,300.00. Also, Director John Festival purchased 20,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of C$9.18 per share, with a total value of C$183,600.00. 1.55% of the stock is currently owned by insiders.

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.