Advantage Energy (TSE:AAV) Stock Crosses Above 200-Day Moving Average of $9.41

Shares of Advantage Energy Ltd. (TSE:AAV - Get Free Report) NYSE: AAV crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.41 and traded as high as C$10.46. Advantage Energy shares last traded at C$10.12, with a volume of 287,076 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AAV. Stifel Nicolaus cut their price objective on Advantage Energy from C$14.50 to C$13.00 and set a "buy" rating on the stock in a research note on Monday, February 5th. BMO Capital Markets restated an "outperform" rating and set a C$13.00 price objective on shares of Advantage Energy in a research report on Monday, April 8th. CIBC reduced their price objective on Advantage Energy from C$10.50 to C$9.75 in a research report on Tuesday, January 16th. Scotiabank boosted their price target on Advantage Energy from C$16.00 to C$17.00 and gave the stock a "sector perform" rating in a research report on Tuesday, March 5th. Finally, Desjardins reduced their price target on Advantage Energy from C$13.25 to C$13.00 and set a "buy" rating for the company in a research report on Tuesday, January 23rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$12.34.

Advantage Energy Stock Performance

The company has a debt-to-equity ratio of 22.74, a current ratio of 1.25 and a quick ratio of 0.72. The firm has a market cap of C$1.64 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of -3.58 and a beta of 1.65. The company has a fifty day moving average price of C$9.84 and a two-hundred day moving average price of C$9.42.

Advantage Energy (TSE:AAV - Get Free Report) NYSE: AAV last announced its quarterly earnings data on Monday, March 4th. The company reported C$0.25 earnings per share for the quarter, beating the consensus estimate of C$0.19 by C$0.06. The business had revenue of C$147.14 million during the quarter, compared to analyst estimates of C$141.00 million. Advantage Energy had a return on equity of 6.43% and a net margin of 19.94%. As a group, equities research analysts expect that Advantage Energy Ltd. will post 0.5298117 EPS for the current year.

Insider Transactions at Advantage Energy

In related news, Director John Larry Festival bought 40,000 shares of the business's stock in a transaction dated Tuesday, March 19th. The shares were bought at an average cost of C$9.95 per share, with a total value of C$398,000.00. 1.27% of the stock is owned by insiders.

Advantage Energy Company Profile

Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. Its assets are located approximately 4 to 80 km northwest of the city of Grande Prairie, Alberta.