Advantage Energy (TSE:AAV) Shares Pass Above 200-Day Moving Average - What's Next?

Key Points

• Advantage Energy shares crossed above their 200-day moving average, reaching C$11.07 before closing at C$10.89, compared with the C$10.50 long-term average.
• Analyst sentiment is favorable: Scotiabank upgraded the stock to “strong buy,” while the broader analyst consensus is “Moderate Buy” with an average price target of C$14.17.
• The company reported quarterly EPS of C$0.27 on C$178.76 million in revenue, while insiders purchased 66,195 shares worth about C$634,888 over the past three months.

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.50 and traded as high as C$11.07. Advantage Energy shares last traded at C$10.89, with a volume of 584,098 shares traded.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upgraded Advantage Energy to a "strong-buy" rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$14.17.

Advantage Energy Price Performance

The firm has a market capitalization of C$1.82 billion, a PE ratio of 22.22, a P/E/G ratio of -3.58 and a beta of -0.53. The firm's fifty day moving average price is C$10.45 and its 200 day moving average price is C$10.50. The company has a current ratio of 0.34, a quick ratio of 0.72 and a debt-to-equity ratio of 55.11.

Advantage Energy (TSE:AAV - Get Free Report) NYSE: AAV last issued its earnings results on Thursday, July 30th. The company reported C$0.27 earnings per share (EPS) for the quarter. The firm had revenue of C$178.76 million during the quarter. Advantage Energy had a net margin of 12.02% and a return on equity of 4.91%. As a group, equities analysts forecast that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director John Festival acquired 50,000 shares of the firm's stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average price of C$9.60 per share, with a total value of C$480,000.00. Following the acquisition, the director directly owned 300,000 shares in the company, valued at C$2,880,000. This represents a 20.00% increase in their position. Also, insider Darren Tisdale bought 4,100 shares of the stock in a transaction dated Tuesday, June 16th. The stock was bought at an average price of C$9.60 per share, for a total transaction of C$39,360.00. Following the purchase, 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. In the last three months, insiders have purchased 66,195 shares of company stock valued at $634,888. Company insiders own 1.55% of the company's stock.

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.

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