Advantage Energy (TSE:AAV) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s stock price crossed 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.

Analyst Ratings Changes

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

Advantage Energy Stock Performance

The firm has a fifty day moving average of C$9.66 and a 200 day moving average of C$9.35. 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 stock has a market cap of C$1.73 billion, a price-to-earnings ratio of 37.98, a PEG ratio of -3.58 and a beta of 1.46.

Insiders Place Their Bets

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

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.