Advantage Energy (TSE:AAV) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Advantage Energy Ltd. shares exceeded their 200-day moving average of C$10.44, reaching a high of C$11.07 before closing at C$11.03 during trading on Monday.
• Analysts have varied ratings for Advantage Energy, with Desjardins and TD Cowen offering a "buy" rating and price targets of C$14.00, while CIBC and Royal Bank of Canada set targets at C$12.00.
• The company's financial metrics indicate a market capitalization of C$1.83 billion, a PE ratio of 40.17, and a debt-to-equity ratio of 41.40, suggesting a leveraged position relative to its equity.

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.44 and traded as high as C$11.07. Advantage Energy shares last traded at C$11.03, with a volume of 477,108 shares.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Advantage Energy from C$11.00 to C$12.00 and gave the stock a "sector perform" rating in a research report on Monday, June 30th. TD Cowen reaffirmed a "buy" rating and set a C$14.00 price objective on shares of Advantage Energy in a research report on Friday, May 2nd. CIBC boosted their price objective on shares of 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. Finally, Desjardins boosted their price objective on shares of 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. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$12.83.

Advantage Energy Price Performance

The company has a debt-to-equity ratio of 41.40, a quick ratio of 0.72 and a current ratio of 0.75. The business's 50 day simple moving average is C$11.49 and its 200-day simple moving average is C$10.46. The stock has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 39.44, a price-to-earnings-growth ratio of -3.58 and a beta of 1.46.

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.