Athabasca Oil (TSE:ATH) Share Price Crosses Above Two Hundred Day Moving Average of $4.92

Athabasca Oil Co. (TSE:ATH) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.92 and traded as high as C$5.48. Athabasca Oil shares last traded at C$5.37, with a volume of 2,438,651 shares changing hands.

Wall Street Analysts Forecast Growth

ATH has been the subject of a number of recent analyst reports. National Bank Financial upgraded shares of Athabasca Oil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 9th. TD Securities increased their target price on shares of Athabasca Oil from C$5.50 to C$6.00 in a research report on Thursday. Desjardins lowered shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$5.75 target price for the company. in a research report on Tuesday, April 23rd. ATB Capital upped their price target on shares of Athabasca Oil from C$7.00 to C$7.50 in a report on Thursday. Finally, BMO Capital Markets set a C$6.50 price target on shares of Athabasca Oil and gave the company an “outperform” rating in a report on Monday, April 8th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$6.43.

Athabasca Oil Stock Up 4.1 %

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$3.11 billion, a PE ratio of 69.63, a price-to-earnings-growth ratio of -0.51 and a beta of 2.18. The business’s 50 day simple moving average is C$5.12 and its 200 day simple moving average is C$4.93.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings data on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 EPS for the quarter. Athabasca Oil had a net margin of 3.63% and a return on equity of 2.65%. The company had revenue of C$401.74 million during the quarter. As a group, analysts forecast that Athabasca Oil Co. will post 0.5296656 EPS for the current year.

Insider Buying and Selling at Athabasca Oil

In other Athabasca Oil news, Senior Officer Robert Anthony Broen sold 100,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$5.01, for a total transaction of C$501,000.00. Insiders own 0.64% of the company’s stock.

About Athabasca Oil

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.