Athabasca Oil (TSE:ATH) Stock Price Down 9.7% – Time to Sell?

Athabasca Oil Co. (TSE:ATH) shares were down 9.7% on Monday . The stock traded as low as C$6.42 and last traded at C$6.45. Approximately 2,418,779 shares changed hands during trading, an increase of 61% from the average daily volume of 1,501,683 shares. The stock had previously closed at C$7.14.

Analyst Ratings Changes

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

Athabasca Oil Stock Performance

The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55. The stock’s fifty day simple moving average is C$7.23 and its 200 day simple moving average is C$6.50. The company has a market cap of C$3.12 billion, a price-to-earnings ratio of 7.37, a P/E/G ratio of -0.51 and a beta of 0.68.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings results on Thursday, October 30th. The oil and gas exploration company reported C$0.14 earnings per share (EPS) for the quarter. Athabasca Oil had a return on equity of 14.73% and a net margin of 17.53%.The business had revenue of C$321.09 million during the quarter. As a group, analysts anticipate that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

Insider Activity

In other news, insider Athabasca Oil Corporation purchased 129,800 shares of the stock in a transaction dated Friday, October 31st. The shares were purchased at an average price of C$6.82 per share, with a total value of C$885,236.00. Following the transaction, the insider owned 2,844,700 shares in the company, valued at C$19,400,854. The trade was a 4.78% increase in their position. Over the last three months, insiders acquired 2,083,500 shares of company stock valued at $13,812,809. 0.24% of the stock is owned by company insiders.

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.