Advantage Energy (TSE:AAV) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Shares of Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$10.47 and traded as low as C$9.76. Advantage Energy shares last traded at C$10.14, with a volume of 583,828 shares.

Analyst Upgrades and Downgrades

AAV has been the subject of several research analyst reports. Raymond James Financial downgraded shares of Advantage Energy from a “moderate buy” rating to a “hold” rating and decreased their price objective for the company from C$14.00 to C$13.00 in a research note on Wednesday, September 16th. Scotiabank upgraded Advantage Energy to a “strong-buy” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$13.83.

Advantage Energy Price Performance

The company has a market cap of C$1.70 billion, a price-to-earnings ratio of 20.69, a PEG ratio of -3.58 and a beta of -0.52. The company’s 50 day moving average price is C$10.70 and its 200 day moving average price is C$10.47. The company has a current ratio of 0.34, a quick ratio of 0.72 and a debt-to-equity ratio of 55.11.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$178.76 million for the quarter. Advantage Energy had a net margin of 12.02% and a return on equity of 4.91%. Equities research analysts forecast that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current year.

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.