Athabasca Oil (TSE:ATH) Stock Price Crosses Above 200-Day Moving Average of $4.76

Athabasca Oil Co. (TSE:ATH)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$4.76 and traded as high as C$5.27. Athabasca Oil shares last traded at C$5.18, with a volume of 1,507,075 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TD Securities downgraded shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 price objective for the company. in a report on Tuesday, March 12th. Desjardins cut shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$5.75 price target for the company. in a research note on Tuesday, April 23rd. Royal Bank of Canada lowered Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 price objective on the stock. in a research note on Tuesday, March 26th. National Bank Financial upgraded Athabasca Oil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 9th. Finally, ATB Capital boosted their price target on Athabasca Oil from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Athabasca Oil currently has an average rating of “Moderate Buy” and an average price target of C$6.14.

Athabasca Oil Stock Down 0.2 %

The company has a market cap of C$2.90 billion, a P/E ratio of 64.75, a price-to-earnings-growth ratio of -0.51 and a beta of 2.18. The firm’s 50 day moving average price is C$4.94 and its two-hundred day moving average price is C$4.76. The company has a debt-to-equity ratio of 11.54, a quick ratio of 1.24 and a current ratio of 2.27.

Athabasca Oil (TSE:ATH) last issued its earnings results on Wednesday, May 8th. The oil and gas exploration company reported C$0.07 EPS for the quarter, meeting analysts’ consensus estimates of C$0.07. Athabasca Oil had a return on equity of 2.65% and a net margin of 3.63%. The business had revenue of C$311.12 million during the quarter. Equities research analysts anticipate that Athabasca Oil Co. will post 0.5296656 EPS for the current fiscal year.

Insider Transactions at Athabasca Oil

In other Athabasca Oil news, Senior Officer Robert Anthony Broen sold 100,000 shares of Athabasca Oil stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$5.01, for a total transaction of C$501,000.00. 0.64% of the stock is currently owned by insiders.

About Athabasca Oil

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.