Athabasca Oil (TSE:ATH) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Athabasca Oil Co. (TSE:ATH) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.92 and traded as high as C$11.25. Athabasca Oil shares last traded at C$11.07, with a volume of 3,200,264 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. National Bank Financial upped their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada increased their price objective on Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a report on Friday, May 8th. Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$8.00 to C$13.00 in a report on Monday, March 30th. Finally, TD Securities increased their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, March 6th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$10.38.

Athabasca Oil Stock Down 2.3%

The company has a quick ratio of 1.24, a current ratio of 1.74 and a debt-to-equity ratio of 11.35. The firm has a market cap of C$5.28 billion, a P/E ratio of 24.24, a PEG ratio of -0.51 and a beta of 0.12. The stock’s 50-day simple moving average is C$11.13 and its 200 day simple moving average is C$8.95.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 EPS for the quarter. The business had revenue of C$355.58 million for the quarter. Athabasca Oil had a net margin of 16.25% and a return on equity of 12.23%. As a group, research analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Athabasca Oil Company Profile

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.