Advantage Energy (TSE:AAV) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

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 crossed 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.

Wall Street Analysts Forecast Growth

AAV has been the topic of several recent analyst reports. Raymond James Financial dropped their price objective on Advantage Energy from C$12.00 to C$11.00 in a research note on Wednesday, April 9th. TD Cowen restated a "buy" rating and set a C$14.00 price objective on shares of Advantage Energy in a research note on Friday, May 2nd. Royal Bank Of Canada raised their price objective on Advantage Energy from C$11.00 to C$12.00 and gave the company a "sector perform" rating in a research note on Monday, June 30th. CIBC raised their price objective on Advantage Energy from C$11.50 to C$12.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, Desjardins raised their price objective 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. Two 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. Based on data from MarketBeat.com, Advantage Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of C$12.83.

Advantage Energy Trading Up 1.1%

The firm has a fifty day simple moving average of C$11.47 and a two-hundred day simple moving average of C$10.40. The firm has a market capitalization of C$1.83 billion, a P/E ratio of 40.13, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46. The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72.

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.

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