Advantage Energy (TSE:AAV) Share Price Passes Below 200 Day Moving Average – Here’s Why

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.60 and traded as low as C$8.27. Advantage Energy shares last traded at C$8.49, with a volume of 350,425 shares trading hands.

Analyst Ratings Changes

Several research firms recently issued reports on AAV. BMO Capital Markets dropped their target price on shares of Advantage Energy from C$13.00 to C$12.00 in a report on Friday, October 4th. National Bank Financial lowered Advantage Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. TD Securities reiterated a “buy” rating and issued a C$13.00 target price on shares of Advantage Energy in a report on Wednesday, October 9th. Cormark upgraded Advantage Energy to a “moderate buy” rating in a report on Monday, September 23rd. Finally, CIBC reiterated a “neutral” rating and issued a C$12.00 price objective on shares of Advantage Energy in a research note on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$13.21.

Advantage Energy Trading Up 0.5 %

The stock has a market capitalization of C$1.42 billion, a PE ratio of 18.06, a P/E/G ratio of -3.58 and a beta of 1.46. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 46.86. The firm has a 50 day moving average price of C$8.95 and a 200 day moving average price of C$9.59.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings data on Thursday, October 24th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). The firm had revenue of C$144.86 million for the quarter, compared to analysts’ expectations of C$161.10 million. Advantage Energy had a return on equity of 5.02% and a net margin of 16.05%. Equities analysts expect that Advantage Energy Ltd. will post 1.4701493 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John Festival acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average price of C$8.94 per share, for a total transaction of C$178,800.00. Also, Senior Officer Geoffrey Keyser bought 4,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was bought at an average price of C$8.89 per share, for a total transaction of C$35,540.00. Insiders have bought a total of 74,047 shares of company stock valued at $655,072 in the last 90 days. 1.55% of the stock is currently owned by corporate insiders.

About Advantage Energy

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.