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

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

AAV has been the topic of several recent research reports. BMO Capital Markets cut their price target on Advantage Energy from C$13.00 to C$12.00 in a report on Friday, October 4th. Cormark upgraded Advantage Energy to a “moderate buy” rating in a report on Monday, September 23rd. CIBC restated a “neutral” rating and set a C$12.00 price target on shares of Advantage Energy in a research note on Thursday, August 29th. National Bankshares dropped their price objective on shares of Advantage Energy from C$13.00 to C$11.50 in a research note on Friday, September 27th. Finally, National Bank Financial downgraded shares of Advantage Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. 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.com, the company has an average rating of “Moderate Buy” and an average price target of C$13.21.

Advantage Energy Stock Down 4.9 %

The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 46.86. The firm has a market capitalization of C$1.44 billion, a P/E ratio of 18.32, a P/E/G ratio of -3.58 and a beta of 1.46. The stock’s 50-day simple moving average is C$9.16 and its 200-day simple moving average is C$9.93.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its earnings results on Thursday, October 24th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.07). The business had revenue of C$144.86 million during the quarter, compared to the consensus estimate of C$161.10 million. Advantage Energy had a net margin of 16.05% and a return on equity of 5.02%. As a group, research analysts predict that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Geoffrey Keyser bought 4,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was acquired at an average cost of C$8.89 per share, with a total value of C$35,540.00. Also, Director John Festival purchased 20,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were purchased at an average cost of C$8.94 per share, for a total transaction of C$178,800.00. Insiders acquired a total of 69,000 shares of company stock valued at $610,500 in the last ninety days. 1.55% of the stock is currently owned by insiders.

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.