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

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$10.57 and traded as low as C$10.42. Advantage Energy shares last traded at C$10.44, with a volume of 959,290 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Ventum Financial set a C$13.50 target price on Advantage Energy and gave the company a “buy” rating in a research note on Friday, October 23rd. Raymond James Financial downgraded Advantage Energy from a “moderate buy” rating to a “hold” rating and dropped their price target for the stock from C$14.00 to C$13.00 in a research report on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$13.79.

Advantage Energy Trading Down 4.9%

The stock has a market cap of C$1.69 billion, a PE ratio of 12.58, a PEG ratio of -3.58 and a beta of -0.29. The business has a 50-day moving average of C$10.59 and a 200 day moving average of C$10.57. The company has a debt-to-equity ratio of 40.01, a quick ratio of 0.72 and a current ratio of 0.35.

Advantage Energy (TSE:AAV) (NYSE:AAV) last announced its earnings results on Thursday, October 29th. The company reported C$0.33 earnings per share for the quarter. The firm had revenue of C$166.32 million during the quarter. Advantage Energy had a net margin of 18.26% and a return on equity of 8.07%. Equities research analysts predict that Advantage Energy Ltd. will post 1.47 EPS for the current fiscal 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.