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

Shares of Athabasca Oil Co. (TSE:ATH) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.11 and traded as high as C$5.64. Athabasca Oil shares last traded at C$5.63, with a volume of 1,437,384 shares changing hands.

Wall Street Analyst Weigh In

ATH has been the subject of a number of analyst reports. Royal Bank of Canada raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating in a report on Monday, March 10th. BMO Capital Markets dropped their price target on shares of Athabasca Oil from C$7.00 to C$6.00 in a research note on Thursday, March 6th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.25.

Athabasca Oil Price Performance

The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. The company has a market cap of C$2.93 billion, a price-to-earnings ratio of 13.25, a PEG ratio of -0.51 and a beta of 2.05. The stock’s 50-day simple moving average is C$5.01 and its 200 day simple moving average is C$5.11.

Insider Activity

In other news, insider Athabasca Oil Corporation acquired 105,700 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of C$4.91 per share, with a total value of C$519,409.80. Insiders own 0.24% of the company’s stock.

About Athabasca Oil

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.