Advantage Energy (TSE:AAV) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Advantage Energy Ltd. (TSE:AAV) (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$9.35 and traded as high as C$10.49. Advantage Energy shares last traded at C$10.38, with a volume of 524,812 shares trading hands.

Analysts Set New Price Targets

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

Advantage Energy Stock Performance

The firm has a market capitalization of C$1.72 billion, a P/E ratio of 37.80, a P/E/G ratio of -3.58 and a beta of 1.46. The stock has a fifty day moving average of C$9.66 and a 200-day moving average of C$9.35. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 41.40.

Insider Transactions at Advantage Energy

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

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.