Advantage Energy (TSE:AAV) Shares Cross Above 200 Day Moving Average – Here’s Why

Advantage Energy Ltd. (TSE:AAV) (NYSE:AAV)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.50 and traded as high as C$11.07. Advantage Energy shares last traded at C$10.89, with a volume of 584,098 shares traded.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised Advantage Energy to a “strong-buy” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$14.17.

Advantage Energy Price Performance

The stock has a market capitalization of C$1.86 billion, a P/E ratio of 22.67, a PEG ratio of -3.58 and a beta of -0.53. The company has a debt-to-equity ratio of 55.11, a quick ratio of 0.72 and a current ratio of 0.34. The business has a fifty day simple moving average of C$10.47 and a 200-day simple moving average of C$10.50.

Advantage Energy (TSE:AAV) (NYSE:AAV) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.27 earnings per share for the quarter. Advantage Energy had a net margin of 12.02% and a return on equity of 4.91%. The company had revenue of C$178.76 million during the quarter. Sell-side analysts expect that Advantage Energy Ltd. will post 1.4701493 earnings per share for the current fiscal year.

Insider Buying and Selling at Advantage Energy

In related news, insider Donald Craig Blackwood purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was purchased at an average cost of C$9.55 per share, with a total value of C$95,500.00. Following the completion of the purchase, the insider owned 1,109,248 shares in the company, valued at approximately C$10,593,318.40. This trade represents a 0.91% increase in their position. Also, Director John Festival acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were bought at an average price of C$9.60 per share, for a total transaction of C$480,000.00. Following the acquisition, the director directly owned 300,000 shares of the company’s stock, valued at approximately C$2,880,000. This trade represents a 20.00% increase in their position. Over the last ninety days, insiders purchased 66,195 shares of company stock valued at $634,888. Corporate 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.