Advantage Energy (TSE:AAV) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Advantage Energy's stock price has surpassed its 200-day moving average of C$10.70, reaching a high of C$11.71 during trading.
• The Royal Bank of Canada has raised its target price for Advantage Energy from C$11.00 to C$12.00, maintaining a "sector perform" rating.
• Current consensus among analysts reflects a "Moderate Buy" with an average target price of C$12.83, with several analysts issuing ratings from Strong Buy to Hold.

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV's stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.70 and traded as high as C$11.71. Advantage Energy shares last traded at C$11.47, with a volume of 391,844 shares traded.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lifted their target price on shares of Advantage Energy from C$11.00 to C$12.00 and gave the stock a "sector perform" rating in a research report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Advantage Energy has a consensus rating of "Moderate Buy" and an average target price of C$12.83.

Advantage Energy Stock Performance

The firm has a market cap of C$1.92 billion, a P/E ratio of 35.84, a price-to-earnings-growth ratio of -3.58 and a beta of 0.31. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 41.40. The business's fifty day simple moving average is C$11.05 and its 200-day simple moving average is C$10.70.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.