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

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.39 and traded as high as C$10.86. Advantage Energy shares last traded at C$10.84, with a volume of 437,136 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. National Bank Financial upgraded shares of Advantage Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 20th. National Bankshares raised Advantage Energy from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$11.50 to C$15.00 in a research note on Thursday, January 30th. Cormark raised Advantage Energy to a “moderate buy” rating in a research note on Thursday, March 6th. BMO Capital Markets raised their target price on Advantage Energy from C$12.00 to C$13.00 in a research note on Tuesday, January 14th. Finally, CIBC boosted their price target on shares of Advantage Energy from C$11.00 to C$11.50 in a research report on Friday, January 17th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$13.85.

Advantage Energy Stock Performance

The company has a debt-to-equity ratio of 41.40, a current ratio of 0.75 and a quick ratio of 0.72. The firm has a market capitalization of C$1.80 billion, a PE ratio of 39.48, a P/E/G ratio of -3.58 and a beta of 1.46. The firm has a fifty day moving average price of C$9.73 and a 200 day moving average price of C$9.39.

Insiders Place Their Bets

In other news, Director John Festival bought 20,000 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of C$9.18 per share, with a total value of C$183,600.00. Also, Senior Officer Geoffrey Keyser purchased 3,000 shares of Advantage Energy stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average price of C$9.10 per share, with a total value of C$27,300.00. Corporate insiders own 1.55% of the company’s stock.

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.