Advantage Energy (TSE:AAV) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.57 and traded as low as C$10.49. Advantage Energy shares last traded at C$10.64, with a volume of 854,904 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AAV shares. Scotiabank raised Advantage Energy to a “strong-buy” rating in a report on Friday, June 26th. BMO Capital Markets cut Advantage Energy from an “outperform” rating to a “hold” rating and set a C$12.00 price objective on the stock. in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Advantage Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$14.17.

Advantage Energy Stock Performance

The firm has a market capitalization of C$1.79 billion, a PE ratio of 16.37, a PEG ratio of -3.58 and a beta of -0.52. The company has a quick ratio of 0.72, a current ratio of 0.38 and a debt-to-equity ratio of 48.61. The company has a 50-day moving average of C$10.15 and a 200 day moving average of C$10.57.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.06 earnings per share (EPS) for the quarter. Advantage Energy had a return on equity of 6.59% and a net margin of 16.83%.The firm had revenue of C$169.03 million during the quarter. Equities research analysts predict that Advantage Energy Ltd. will post 1.4701493 EPS for the current year.

Insider Activity at Advantage Energy

In related news, insider Darren Tisdale bought 4,100 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of C$9.60 per share, for a total transaction of C$39,360.00. Following the completion of the transaction, the insider directly owned 217,782 shares in the company, valued at C$2,090,707.20. This trade represents a 1.92% increase in their position. Also, Director Donald M. Clague bought 5,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were bought at an average price of C$9.92 per share, with a total value of C$49,600.00. Following the completion of the transaction, the director owned 90,000 shares of the company’s stock, valued at C$892,800. The trade was a 5.88% increase in their ownership of the stock. Over the last three months, insiders acquired 71,195 shares of company stock valued at $684,488. Company insiders own 1.55% of the company’s stock.

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.