Athabasca Oil (TSE:ATH) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Athabasca Oil Co. (TSE:ATH)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$6.65 and traded as high as C$7.99. Athabasca Oil shares last traded at C$7.95, with a volume of 2,985,490 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ATH shares. 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 research note on Thursday, October 30th. Desjardins cut their price target 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. Raymond James Financial lifted their price objective on Athabasca Oil from C$6.50 to C$7.00 in a research report on Thursday, October 30th. National Bankshares increased their target price on Athabasca Oil from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. Finally, 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. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$7.46.

Athabasca Oil Stock Up 3.1%

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 firm has a market capitalization of C$3.87 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of -0.51 and a beta of 0.68. The firm has a 50 day moving average price of C$7.22 and a two-hundred day moving average price of C$6.65.

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

Insider Buying and Selling at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 129,800 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost 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 approximately C$19,400,854. This trade represents a 4.78% increase in their ownership of the stock. Insiders own 0.24% of the company’s stock.

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.