Athabasca Oil (TSE:ATH) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Athabasca Oil Co. (TSE:ATH) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$7.30 and traded as high as C$9.20. Athabasca Oil shares last traded at C$9.06, with a volume of 2,061,792 shares changing hands.

Analyst Upgrades and Downgrades

ATH has been the subject of several research reports. Desjardins cut their target price on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating for the company in a research note on Friday, December 12th. Scotiabank upped their price objective on shares of Athabasca Oil from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada cut shares of Athabasca Oil from a “moderate buy” rating to a “hold” rating and lifted their target price for the stock from C$7.00 to C$9.00 in a research report on Monday, February 23rd. National Bank Financial upped their price target on shares of Athabasca Oil from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Finally, TD Securities raised their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$8.21.

Athabasca Oil Trading Up 0.4%

The firm’s 50 day moving average price is C$8.06 and its 200-day moving average price is C$7.30. The company has a debt-to-equity ratio of 11.38, a current ratio of 1.78 and a quick ratio of 1.24. The stock has a market cap of C$4.40 billion, a P/E ratio of 18.49, a P/E/G ratio of -0.51 and a beta of 0.51.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings data on Thursday, March 5th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. Athabasca Oil had a net margin of 18.29% and a return on equity of 13.86%. As a group, equities research analysts forecast 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.