Athabasca Oil (TSE:ATH) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Athabasca Oil Co. (TSE:ATH)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.78 and traded as high as C$10.98. Athabasca Oil shares last traded at C$10.74, with a volume of 1,215,049 shares changing hands.

Analysts Set New Price Targets

Several brokerages have commented on ATH. Desjardins set a C$12.50 price target on Athabasca Oil and gave the stock a “hold” rating in a research report on Friday. 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 research report on Friday, May 8th. Raymond James Financial upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$8.00 to C$13.00 in a research note on Monday, March 30th. Jefferies Financial Group set a C$14.00 price target on shares of Athabasca Oil and gave the company a “buy” rating in a report on Thursday, June 4th. Finally, National Bank Financial raised their price target on shares of Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$11.50.

Athabasca Oil Stock Performance

The firm has a fifty day simple moving average of C$11.13 and a 200 day simple moving average of C$9.80. The company has a current ratio of 1.74, a quick ratio of 1.24 and a debt-to-equity ratio of 11.35. The stock has a market cap of C$5.21 billion, a price-to-earnings ratio of 23.91, a PEG ratio of -0.51 and a beta of -0.19.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings data on Thursday, May 7th. The oil and gas exploration company reported C$0.10 EPS for the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%.The company had revenue of C$355.58 million during the quarter. As a group, sell-side analysts expect that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

Insider Activity at Athabasca Oil

In other news, insider Athabasca Oil Corporation bought 49,900 shares of Athabasca Oil stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average cost of C$10.18 per share, with a total value of C$507,982.00. Following the completion of the transaction, the insider directly owned 922,900 shares in the company, valued at C$9,395,122. This trade represents a 5.72% increase in their ownership of the stock. Insiders acquired 476,400 shares of company stock valued at $5,086,334 in the last three months. 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.