Advantage Energy (TSE:AAV) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Advantage Energy shares crossed above their 200-day moving average, reaching C$10.81 before closing at C$10.77, up 0.6% with 815,391 shares traded.
• Analyst sentiment remains moderately positive: MarketBeat reports a consensus “Moderate Buy” rating and an average price target of C$13.83, though Raymond James downgraded the stock to “Hold” and cut its target to C$13.00.
• The company reported quarterly EPS of C$0.27 on revenue of C$178.76 million, with a 12.02% net margin and 4.91% return on equity; analysts expect full-year EPS of C$1.47.

Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV's stock price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$10.39 and traded as high as C$10.81. Advantage Energy shares last traded at C$10.77, with a volume of 815,391 shares trading hands.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Scotiabank raised shares of Advantage Energy to a "strong-buy" rating in a research report on Friday, June 26th. Raymond James Financial downgraded Advantage Energy from a "moderate buy" rating to a "hold" rating and dropped their price objective for the company from C$14.00 to C$13.00 in a research note on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$13.83.

Advantage Energy Trading Up 0.6%

The stock has a market capitalization of C$1.80 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of -3.58 and a beta of -0.47. The firm has a 50-day moving average price of C$10.61 and a 200-day moving average price of C$10.39. The company has a current ratio of 0.34, a quick ratio of 0.72 and a debt-to-equity ratio of 55.11.

Advantage Energy (TSE:AAV - Get Free Report) NYSE: AAV last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$178.76 million for the quarter. Advantage Energy had a return on equity of 4.91% and a net margin of 12.02%. As a group, equities analysts forecast that Advantage Energy Ltd. will post 1.47 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.