Advantage Energy (TSE:AAV) Stock Price Breaks Below 200-Day Moving Average – Here’s What Happened

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$10.57 and traded as low as C$10.42. Advantage Energy shares last traded at C$10.44, with a volume of 959,290 shares.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AAV. Raymond James Financial downgraded Advantage Energy from a “moderate buy” rating to a “hold” rating and lowered their target price for the stock from C$14.00 to C$13.00 in a report on Wednesday, September 16th. Ventum Financial set a C$13.50 price target on Advantage Energy and gave the stock a “buy” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$13.79.

Advantage Energy Price Performance

The firm has a market capitalization of C$1.71 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of -3.58 and a beta of -0.29. The business has a 50-day moving average of C$10.58 and a 200 day moving average of C$10.56. The company has a current ratio of 0.35, a quick ratio of 0.72 and a debt-to-equity ratio of 40.01.

Advantage Energy (TSE:AAV) (NYSE:AAV) last posted its quarterly earnings results on Thursday, October 29th. The company reported C$0.33 earnings per share for the quarter. Advantage Energy had a return on equity of 8.07% and a net margin of 18.26%. The business had revenue of C$166.32 million for the quarter. On average, sell-side analysts predict that Advantage Energy Ltd. will post 1.47 earnings per share for the current fiscal year.

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.