Advantage Energy (TSE:AAV) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.33 and traded as low as C$9.26. Advantage Energy shares last traded at C$9.50, with a volume of 485,291 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AAV. National Bank Financial raised shares of Advantage Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 20th. National Bankshares upgraded Advantage Energy from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$11.50 to C$15.00 in a research report on Thursday, January 30th. BMO Capital Markets lifted their price objective on shares of Advantage Energy from C$12.00 to C$13.00 in a report on Tuesday, January 14th. Finally, CIBC upped their price target on Advantage Energy from C$11.00 to C$11.50 in a report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Advantage Energy has a consensus rating of “Moderate Buy” and an average target price of C$13.85.

Advantage Energy Price Performance

The stock’s 50-day moving average is C$9.41 and its 200 day moving average is C$9.33. The company has a debt-to-equity ratio of 46.86, a quick ratio of 0.72 and a current ratio of 0.76. The stock has a market capitalization of C$1.59 billion, a PE ratio of 20.21, a P/E/G ratio of -3.58 and a beta of 1.46.

Insider Transactions at Advantage Energy

In other Advantage Energy news, Senior Officer Geoffrey Keyser purchased 3,000 shares of Advantage Energy stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average price of C$9.10 per share, for a total transaction of C$27,300.00. Over the last 90 days, insiders have bought 8,047 shares of company stock worth $71,872. Corporate insiders own 1.55% of the company’s stock.

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.