Athabasca Oil (TSE:ATH) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

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$5.22 and traded as high as C$5.42. Athabasca Oil shares last traded at C$5.34, with a volume of 1,970,000 shares traded.

Analyst Ratings Changes

Several analysts have recently commented on ATH shares. BMO Capital Markets raised their price target on Athabasca Oil from C$6.50 to C$7.00 in a report on Tuesday, January 14th. Raymond James raised Athabasca Oil to a “hold” rating in a report on Thursday, October 17th. Scotiabank set a C$6.50 target price on shares of Athabasca Oil and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Royal Bank of Canada increased their price target on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Finally, National Bankshares decreased their price objective on shares of Athabasca Oil from C$7.50 to C$6.50 in a report on Friday, September 27th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.31.

Athabasca Oil Stock Performance

The company has a current ratio of 2.46, a quick ratio of 1.24 and a debt-to-equity ratio of 11.60. The stock has a market capitalization of C$2.90 billion, a price-to-earnings ratio of 35.60, a PEG ratio of -0.51 and a beta of 2.05. The stock’s 50 day moving average is C$5.20 and its 200 day moving average is C$5.22.

Athabasca Oil (TSE:ATH) last released its quarterly earnings results on Wednesday, October 30th. The oil and gas exploration company reported C$0.12 EPS for the quarter. Athabasca Oil had a net margin of 6.32% and a return on equity of 5.04%. On average, analysts predict that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

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.