Athabasca Oil (TSE:ATH) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of Athabasca Oil Co. (TSE:ATH) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$6.39 and traded as high as C$6.90. Athabasca Oil shares last traded at C$6.90, with a volume of 7,757,396 shares changing hands.

Wall Street Analysts Forecast Growth

ATH has been the topic of a number of analyst reports. Scotiabank lifted their price objective on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Raymond James Financial lifted their price target on Athabasca Oil from C$6.50 to C$7.00 in a report on Thursday, October 30th. Royal Bank Of Canada boosted their price target on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. TD Securities raised their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Finally, Desjardins reduced their target price on shares of Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating on the stock in a research note on Friday, December 12th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Athabasca Oil has an average rating of “Hold” and an average price target of C$7.04.

Athabasca Oil Stock Up 1.5%

The business has a 50-day moving average of C$7.15 and a 200-day moving average of C$6.40. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54. The stock has a market capitalization of C$3.35 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of -0.51 and a beta of 0.87.

Athabasca Oil (TSE:ATH) last posted its earnings results on Thursday, October 30th. The oil and gas exploration company reported C$0.14 EPS for the quarter. Athabasca Oil had a net margin of 17.53% and a return on equity of 14.73%. The company had revenue of C$321.09 million for the quarter. On average, sell-side analysts expect that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Insider Buying and Selling at Athabasca Oil

In related news, insider Athabasca Oil Corporation bought 138,100 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The stock was purchased at an average price of C$6.25 per share, for a total transaction of C$863,125.00. Following the acquisition, the insider owned 1,552,300 shares of the company’s stock, valued at approximately C$9,701,875. This trade represents a 9.77% increase in their ownership of the stock. Over the last three months, insiders have purchased 2,844,700 shares of company stock worth $18,986,013. Company insiders own 0.24% of the company’s stock.

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.