Athabasca Oil (TSE:ATH) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Athabasca Oil Co. (TSE:ATH)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.92 and traded as high as C$11.25. Athabasca Oil shares last traded at C$11.07, with a volume of 3,200,264 shares trading hands.

Analysts Set New Price Targets

ATH has been the topic of a number of analyst reports. National Bank Financial lifted their price target on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada lifted their price target on Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research note on Friday, May 8th. TD Securities lifted their price target 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. Finally, Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and lifted their price target for the company from C$8.00 to C$13.00 in a research note on Monday, March 30th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$10.38.

Athabasca Oil Stock Performance

The stock has a 50-day simple moving average of C$11.09 and a 200 day simple moving average of C$8.92. The company has a debt-to-equity ratio of 11.35, a current ratio of 1.74 and a quick ratio of 1.24. The company has a market capitalization of C$5.36 billion, a PE ratio of 24.60, a P/E/G ratio of -0.51 and a beta of 0.12.

Athabasca Oil (TSE:ATH) last posted its earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 EPS for the quarter. The company had revenue of C$355.58 million for the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%. Equities analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal 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.