Athabasca Oil (TSE:ATH) Shares Cross Above 200 Day Moving Average – Should You Sell?

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$5.60 and traded as high as C$7.20. Athabasca Oil shares last traded at C$7.09, with a volume of 3,755,769 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research report on Tuesday. Scotiabank cut Athabasca Oil from a “strong-buy” rating to a “hold” rating and set a C$6.50 price objective on the stock. in a report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$6.50.

Athabasca Oil Trading Up 2.5%

The stock has a market cap of C$3.52 billion, a PE ratio of 8.24, a PEG ratio of -0.51 and a beta of 0.99. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55. The firm has a fifty day simple moving average of C$6.21 and a two-hundred day simple moving average of C$5.60.

Insider Buying and Selling at Athabasca Oil

In other news, insider Athabasca Oil Corporation acquired 158,200 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average cost of C$5.89 per share, with a total value of C$932,414.98. Corporate insiders own 0.24% of the company’s stock.

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.