Athabasca Oil (TSE:ATH) Stock Price Passes Above 200 Day Moving Average of $4.42

Athabasca Oil Co. (TSE:ATH) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.42 and traded as high as C$5.27. Athabasca Oil shares last traded at C$5.14, with a volume of 3,146,082 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on ATH shares. Desjardins raised their target price on Athabasca Oil from C$5.50 to C$5.75 and gave the company a “buy” rating in a research report on Friday, March 22nd. ATB Capital raised their target price on Athabasca Oil from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Royal Bank of Canada cut Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 target price on the stock. in a research report on Tuesday, March 26th. TD Securities cut Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 target price on the stock. in a research report on Tuesday, March 12th. Finally, BMO Capital Markets set a C$6.50 target price on Athabasca Oil and gave the company an “outperform” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$6.00.

Athabasca Oil Trading Down 0.6 %

The business has a 50 day simple moving average of C$5.01 and a 200-day simple moving average of C$4.42. The company has a debt-to-equity ratio of 11.72, a quick ratio of 1.24 and a current ratio of 2.70. The stock has a market capitalization of C$2.91 billion, a P/E ratio of -57.11, a price-to-earnings-growth ratio of -0.51 and a beta of 2.19.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$315.93 million during the quarter. Athabasca Oil had a negative return on equity of 3.11% and a negative net margin of 4.29%. On average, analysts predict that Athabasca Oil Co. will post 0.5260059 EPS for the current year.

Insider Transactions at Athabasca Oil

In other news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of C$5.32, for a total transaction of C$130,340.00. Corporate insiders own 0.78% of the company’s stock.

Athabasca Oil Company Profile

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.