Shares of Athabasca Oil Corp (TSE:ATH) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.81 and traded as high as $0.70. Athabasca Oil shares last traded at $0.68, with a volume of 323,911 shares.

Several equities analysts have recently issued reports on ATH shares. Raymond James restated a “market perform” rating and set a C$1.50 price objective on shares of Athabasca Oil in a report on Thursday, August 1st. Royal Bank of Canada lowered their target price on shares of Athabasca Oil from C$1.15 to C$1.00 in a research note on Thursday, July 18th. TD Securities dropped their target price on shares of Athabasca Oil from C$1.15 to C$1.10 and set a “buy” rating on the stock in a research report on Thursday, August 1st. National Bank Financial cut their price target on shares of Athabasca Oil from C$1.65 to C$1.10 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Finally, CIBC decreased their price target on shares of Athabasca Oil from C$1.50 to C$1.30 in a report on Thursday, July 18th.

The stock has a 50 day moving average of C$0.63 and a 200-day moving average of C$0.81. The company has a debt-to-equity ratio of 46.89, a quick ratio of 3.09 and a current ratio of 3.51. The company has a market cap of $350.53 million and a PE ratio of -1.83.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings results on Wednesday, July 31st. The oil and gas exploration company reported C$0.11 earnings per share for the quarter. The firm had revenue of C$218.23 million for the quarter. Equities research analysts forecast that Athabasca Oil Corp will post -0.07 EPS for the current year.

Athabasca Oil Company Profile (TSE:ATH)

Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Leismer and Hangingstone assets located in northeastern Alberta.

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