Athabasca Oil (TSE:ATH) Stock Passes Above 200 Day Moving Average – Should You Sell?

Athabasca Oil Co. (TSE:ATH)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$5.05 and traded as high as C$6.16. Athabasca Oil shares last traded at C$6.08, with a volume of 7,995,265 shares trading hands.

Analysts Set New Price Targets

ATH has been the topic of a number of research reports. BMO Capital Markets reduced their price objective on Athabasca Oil from C$7.00 to C$6.00 in a research note on Thursday, March 6th. Royal Bank of Canada upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 10th.

Athabasca Oil Stock Up 7.4%

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 50 day simple moving average of C$4.98 and a two-hundred day simple moving average of C$5.05. The company has a market capitalization of C$3.16 billion, a P/E ratio of 14.31, a PEG ratio of -0.51 and a beta of 2.05.

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.