Athabasca Oil (TSE:ATH) Stock Price Passes Above Two Hundred Day Moving Average of $4.58

Athabasca Oil Co. (TSE:ATHGet Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.58 and traded as high as C$4.99. Athabasca Oil shares last traded at C$4.99, with a volume of 821,223 shares changing hands.

Wall Street Analysts Forecast Growth

ATH has been the subject of a number of recent research reports. National Bankshares upgraded Athabasca Oil from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$6.50 to C$7.00 in a research note on Thursday, May 9th. ATB Capital raised their target price on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. National Bank Financial upgraded Athabasca Oil from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th. BMO Capital Markets set a C$6.50 price objective on shares of Athabasca Oil and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Desjardins lowered shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$5.75 price objective on the stock. in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.14.

View Our Latest Analysis on ATH

Athabasca Oil Stock Up 1.6 %

The company has a quick ratio of 1.24, a current ratio of 2.27 and a debt-to-equity ratio of 11.54. The company has a market capitalization of C$2.79 billion, a P/E ratio of 62.38, a P/E/G ratio of -0.51 and a beta of 2.18. The firm has a fifty day simple moving average of C$5.04 and a 200-day simple moving average of C$4.58.

Athabasca Oil (TSE:ATHGet Free Report) last announced its quarterly earnings data on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share for the quarter. The company had revenue of C$315.93 million during the quarter. Athabasca Oil had a return on equity of 2.65% and a net margin of 3.63%. On average, equities research analysts expect that Athabasca Oil Co. will post 0.5296656 EPS for the current fiscal year.

Insider Buying and Selling at Athabasca Oil

In related news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of Athabasca Oil stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$5.32, for a total transaction of C$130,340.00. Insiders own 0.64% of the company’s stock.

Athabasca Oil Company Profile

(Get Free Report)

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.

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