Advantage Energy (TSE:AAV) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) crossed 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 traded.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upgraded Advantage Energy to a “strong-buy” rating in a research report on Friday, June 26th. One equities 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$14.17.

Advantage Energy Stock Performance

The stock’s 50 day simple moving average is C$10.74 and its two-hundred day simple moving average is C$10.52. The company has a market capitalization of C$1.86 billion, a P/E ratio of 22.69, a P/E/G ratio of -3.58 and a beta of -0.53. The company has a debt-to-equity ratio of 55.11, a current ratio of 0.34 and a quick ratio of 0.72.

Advantage Energy (TSE:AAV) (NYSE:AAV) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.27 earnings per share for the quarter. The business had revenue of C$178.76 million during the quarter. Advantage Energy had a net margin of 12.02% and a return on equity of 4.91%. As a group, research analysts expect that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current year.

Insider Transactions at Advantage Energy

In other Advantage Energy news, insider Darren Tisdale acquired 4,100 shares of Advantage Energy stock in a transaction on Tuesday, June 16th. The shares were purchased at an average cost of C$9.60 per share, with a total value of C$39,360.00. Following the completion of the purchase, the insider owned 217,782 shares in the company, valued at C$2,090,707.20. The trade was a 1.92% increase in their ownership of the stock. Also, insider Donald Craig Blackwood purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average price of C$9.55 per share, for a total transaction of C$95,500.00. Following the completion of the transaction, the insider directly owned 1,109,248 shares in the company, valued at C$10,593,318.40. This trade 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 in the last quarter. 1.55% of the stock is owned by company insiders.

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.