Advantage Energy (TSE:AAV) Stock Passes Above 200 Day Moving Average – Time to Sell?

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s share price crossed 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 changing hands.

Analyst Ratings Changes

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

Advantage Energy Stock Performance

The company has a market cap of C$1.85 billion, a PE ratio of 40.57, a PEG ratio of -3.58 and a beta of 1.46. 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 business has a 50-day moving average of C$9.75 and a 200 day moving average of C$9.40.

Insiders Place Their Bets

In related news, Director John Festival purchased 20,000 shares of Advantage Energy stock in a transaction 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 acquired 3,000 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was bought at an average cost of C$9.10 per share, for a total transaction of C$27,300.00. 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.