Athabasca Oil (TSE:ATH) Stock Crosses Above 200-Day Moving Average of $5.06

Athabasca Oil Co. (TSE:ATH) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$5.06 and traded as high as C$5.53. Athabasca Oil shares last traded at C$5.44, with a volume of 1,398,303 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. National Bank Financial upgraded shares of Athabasca Oil from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th. TD Securities increased their price objective on shares of Athabasca Oil from C$5.50 to C$6.00 in a research report on Thursday, July 25th. National Bankshares increased their price objective on shares of Athabasca Oil from C$7.00 to C$7.50 in a research report on Thursday, July 25th. Finally, ATB Capital increased their price objective on shares of Athabasca Oil from C$7.00 to C$7.50 in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.43.

Athabasca Oil Stock Performance

The company has a quick ratio of 1.24, a current ratio of 2.46 and a debt-to-equity ratio of 11.60. The firm’s 50-day simple moving average is C$5.28 and its 200 day simple moving average is C$5.06. The stock has a market capitalization of C$2.94 billion, a P/E ratio of 36.07, a PEG ratio of -0.51 and a beta of 2.10.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 EPS for the quarter. The firm had revenue of C$401.74 million for the quarter. Athabasca Oil had a net margin of 6.32% and a return on equity of 5.04%. Equities research analysts anticipate that Athabasca Oil Co. will post 0.5482234 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Robert Anthony Broen sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of C$5.01, for a total transaction of C$501,000.00. 0.54% of the stock is currently owned by company insiders.

Athabasca Oil Company Profile

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.