Advantage Energy (TSE:AAV) Stock Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Advantage Energy Ltd. shares crossed above their 200-day moving average at C$10.40, reaching as high as C$11.08 during trading on Thursday.
• Analysts have mixed opinions on Advantage Energy, with price targets ranging from C$11.00 to C$14.00 and a consensus rating of "Moderate Buy."
• The company has a market capitalization of C$1.83 billion and a relatively high P/E ratio of 40.13, indicating growth potential amid its focus on natural gas and liquids resources.

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.40 and traded as high as C$11.08. Advantage Energy shares last traded at C$11.02, with a volume of 610,715 shares trading hands.

Wall Street Analyst Weigh In

AAV has been the subject of several research reports. Desjardins raised their target price on Advantage Energy from C$13.50 to C$14.00 and gave the company a "buy" rating in a research note on Monday, May 5th. CIBC lifted their target price on shares of Advantage Energy from C$11.50 to C$12.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Raymond James Financial decreased their price target on shares of Advantage Energy from C$12.00 to C$11.00 in a research note on Wednesday, April 9th. TD Cowen reiterated a "buy" rating and issued a C$14.00 price objective on shares of Advantage Energy in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada boosted their price target on shares of Advantage Energy from C$11.00 to C$12.00 and gave the company a "sector perform" rating in a research report on Monday, June 30th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Advantage Energy currently has an average rating of "Moderate Buy" and a consensus target price of C$12.83.

Advantage Energy Price Performance

The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72. The firm has a market capitalization of C$1.85 billion, a P/E ratio of 40.60, a P/E/G ratio of -3.58 and a beta of 1.46. The firm's 50 day simple moving average is C$11.50 and its two-hundred day simple moving average is C$10.41.

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.