Advantage Energy (TSE:AAV) Stock Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Advantage Energy Ltd. shares have recently traded above their 200-day moving average, reaching a high of C$11.21 and closing at C$10.99 with a volume of 377,806 shares.
• Wall Street analysts demonstrate confidence in Advantage Energy, with several firms increasing their target prices, leading to a consensus rating of "Moderate Buy" and an average price target of C$12.83.
• The company has a market capitalization of C$1.82 billion and is focused on developing clean and sustainable energy resources in Canada, particularly in the Montney region.

Shares of Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.57 and traded as high as C$11.21. Advantage Energy shares last traded at C$10.99, with a volume of 377,806 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Desjardins lifted their target price on Advantage Energy from C$13.50 to C$14.00 and gave the stock a "buy" rating in a report on Monday, May 5th. CIBC lifted their target price on Advantage Energy from C$11.50 to C$12.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Royal Bank Of Canada lifted their target price on Advantage Energy from C$11.00 to C$12.00 and gave the stock a "sector perform" rating in a report on Monday, June 30th. Finally, TD Cowen reaffirmed a "buy" rating and issued a C$14.00 target price on shares of Advantage Energy in a report on Friday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$12.83.

Advantage Energy Stock Up 1.0%

The company has a 50 day simple moving average of C$11.18 and a two-hundred day simple moving average of C$10.57. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40. The company has a market capitalization of C$1.82 billion, a P/E ratio of 40.02, a PEG ratio of -3.58 and a beta of 1.46.

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.