Advantage Energy (TSE:AAV) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s stock price passed 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.

Analyst Upgrades and Downgrades

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

Advantage Energy Trading Down 0.8%

The firm has a 50-day moving average price of C$10.17 and a 200-day moving average price of C$10.56. The company has a debt-to-equity ratio of 48.61, a quick ratio of 0.72 and a current ratio of 0.38. The stock has a market cap of C$1.76 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of -3.58 and a beta of -0.52.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.06 EPS for the quarter. The company had revenue of C$169.03 million for the quarter. Advantage Energy had a net margin of 16.83% and a return on equity of 6.59%. As a group, equities analysts anticipate that Advantage Energy Ltd. will post 1.4701493 EPS for the current fiscal year.

Insider Activity

In other news, insider Darren Tisdale purchased 4,100 shares of Advantage Energy stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average price of C$9.60 per share, with a total value of C$39,360.00. Following the completion of the transaction, the insider directly owned 217,782 shares of the company’s stock, valued at approximately C$2,090,707.20. The trade was a 1.92% increase in their ownership of the stock. Also, insider Donald Craig Blackwood acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average price of C$9.55 per share, with a total value of C$95,500.00. Following the completion of the acquisition, the insider owned 1,109,248 shares in the company, valued at C$10,593,318.40. The trade was a 0.91% increase in their ownership of the stock. In the last ninety days, insiders have bought 71,195 shares of company stock worth $684,488. Corporate insiders own 1.55% of the company’s stock.

About Advantage Energy

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.