Advantage Energy (TSE:AAV) Share Price Crosses Below 200-Day Moving Average of $8.81

Advantage Energy Ltd. (TSE:AAV – Get Rating) (NYSE:AAV) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.81 and traded as low as C$7.44. Advantage Energy shares last traded at C$7.46, with a volume of 496,883 shares.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AAV. TD Securities restated a “buy” rating and issued a C$16.00 price objective on shares of Advantage Energy in a research note on Monday, February 27th. National Bankshares lowered their price target on shares of Advantage Energy from C$15.00 to C$12.00 in a research report on Tuesday, April 18th. Scotiabank reaffirmed an “outperform” rating and issued a C$14.50 price objective on shares of Advantage Energy in a report on Thursday, February 9th. National Bank Financial lowered their target price on shares of Advantage Energy from C$15.00 to C$12.00 in a report on Tuesday, April 18th. Finally, BMO Capital Markets dropped their target price on Advantage Energy from C$12.00 to C$11.00 in a research report on Monday, March 27th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$13.19.

Advantage Energy Stock Down 4.1 %

The company’s 50 day simple moving average is C$7.62 and its 200-day simple moving average is C$8.81. The company has a debt-to-equity ratio of 18.92, a quick ratio of 0.72 and a current ratio of 0.81. The firm has a market capitalization of C$1.23 billion, a PE ratio of 4.05, a PEG ratio of -3.58 and a beta of 1.86.

Advantage Energy (TSE:AAV – Get Rating) (NYSE:AAV) last issued its quarterly earnings data on Thursday, February 23rd. The company reported C$0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.34 by C$0.29. The company had revenue of C$223.20 million for the quarter, compared to the consensus estimate of C$168.00 million. Advantage Energy had a return on equity of 22.92% and a net margin of 42.45%. On average, analysts forecast that Advantage Energy Ltd. will post 0.9720102 EPS for the current fiscal year.

About Advantage Energy

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Advantage Energy Ltd., together with its subsidiaries, acquires, exploits, develops, and produces crude oil, natural gas, and natural gas liquids in the Province of Alberta, Canada. The company focuses on the development and production of oil and natural gas resource that includes 228 net sections covering an area of 145,920 net acres of Doig/Montney rights in Glacier, Valhalla, Progress, and Pipestone/Wembley.