Athabasca Oil (TSE:ATH) Share Price Passes Above 200 Day Moving Average of $4.42

Athabasca Oil Co. (TSE:ATH) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.42 and traded as high as C$5.27. Athabasca Oil shares last traded at C$5.14, with a volume of 3,146,082 shares changing hands.

Wall Street Analyst Weigh In

ATH has been the subject of several research reports. ATB Capital lifted their price target on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Royal Bank of Canada lowered shares of Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 price target for the company. in a report on Tuesday, March 26th. BMO Capital Markets set a C$6.50 price target on shares of Athabasca Oil and gave the company an “outperform” rating in a report on Monday, April 8th. Desjardins lifted their price target on shares of Athabasca Oil from C$5.50 to C$5.75 and gave the company a “buy” rating in a report on Friday, March 22nd. Finally, TD Securities downgraded shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 price objective on the stock. in a research report on Tuesday, March 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Athabasca Oil currently has an average rating of “Moderate Buy” and an average target price of C$6.00.

Athabasca Oil Price Performance

The company has a market capitalization of C$2.85 billion, a P/E ratio of -55.78, a P/E/G ratio of -0.51 and a beta of 2.19. The business’s 50-day simple moving average is C$5.03 and its 200 day simple moving average is C$4.43. The company has a current ratio of 2.70, a quick ratio of 1.24 and a debt-to-equity ratio of 11.72.

Athabasca Oil (TSE:ATH) last released its quarterly earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 EPS for the quarter. Athabasca Oil had a negative net margin of 4.29% and a negative return on equity of 3.11%. The company had revenue of C$315.93 million for the quarter. As a group, sell-side analysts anticipate that Athabasca Oil Co. will post 0.5260059 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$5.32, for a total value of C$130,340.00. Insiders own 0.78% of the company’s stock.

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.