Advantage Energy (TSE:AAV) Shares Cross Above 200-Day Moving Average - What's Next?

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.52 and traded as high as C$11.25. Advantage Energy shares last traded at C$11.12, with a volume of 629,230 shares trading hands.

Wall Street Analyst Weigh In

Separately, Scotiabank upgraded Advantage Energy to a "strong-buy" rating in a report on Friday, June 26th. 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, Advantage Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of C$14.17.

Advantage Energy Stock Down 0.8%

The company has a current ratio of 0.34, a quick ratio of 0.72 and a debt-to-equity ratio of 55.11. The firm has a market capitalization of C$1.86 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of -3.58 and a beta of -0.53. The firm has a 50 day moving average price of C$10.74 and a two-hundred day moving average price of C$10.52.

Advantage Energy (TSE:AAV - Get Free Report) NYSE: AAV last posted its earnings results on Thursday, July 30th. The company reported C$0.27 earnings per share (EPS) for the quarter. Advantage Energy had a net margin of 12.02% and a return on equity of 4.91%. The firm had revenue of C$178.76 million during the quarter. On average, equities analysts expect that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advantage Energy news, Director John Festival acquired 50,000 shares of the firm's stock in a transaction on Tuesday, June 16th. The stock was bought at an average cost of C$9.60 per share, for a total transaction of C$480,000.00. Following the completion of the purchase, the director directly owned 300,000 shares in the company, valued at C$2,880,000. This represents a 20.00% increase in their ownership of the stock. Also, insider Donald Craig Blackwood acquired 10,000 shares of the company's stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average cost of C$9.55 per share, with a total value of C$95,500.00. Following the transaction, the insider directly owned 1,109,248 shares of the company's stock, valued at approximately C$10,593,318.40. This represents a 0.91% increase in their ownership of the stock. Insiders acquired a total of 66,195 shares of company stock worth $634,888 over the last ninety days. 1.55% of the stock is owned by company insiders.

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.

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