Advantage Energy (TSE:AAV) Shares Cross Below 200-Day Moving Average - Time to Sell?

Key Points

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Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.52 and traded as low as C$10.26. Advantage Energy shares last traded at C$10.46, with a volume of 276,501 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AAV shares. Desjardins lifted their price target on Advantage Energy from C$13.50 to C$14.00 and gave the company a "buy" rating in a research report on Monday, May 5th. CIBC lifted their price target on Advantage Energy from C$11.50 to C$12.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. TD Cowen reiterated a "buy" rating and set a C$14.00 price target on shares of Advantage Energy in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada lifted their price target on 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. One equities 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$12.83.

Advantage Energy Trading Up 2.3%

The company has a market capitalization of C$1.80 billion, a PE ratio of 39.58, a PEG ratio of -3.58 and a beta of 1.46. 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 stock has a fifty day moving average of C$11.29 and a two-hundred day moving average of C$10.52.

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.