Athabasca Oil (TSE:ATH) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Athabasca Oil Co. (TSE:ATH) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.50 and traded as high as C$10.50. Athabasca Oil shares last traded at C$10.22, with a volume of 1,569,146 shares traded.

Wall Street Analyst Weigh In

ATH has been the topic of several research analyst reports. Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and lifted their price objective for the stock from C$8.00 to C$13.00 in a report on Monday, March 30th. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company a “buy” rating in a report on Thursday, June 4th. Royal Bank Of Canada raised their target price on Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research report on Friday, May 8th. National Bank Financial lifted their price target on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Finally, TD Securities lifted their price target on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$10.89.

Athabasca Oil Price Performance

The stock’s 50-day moving average price is C$11.38 and its 200 day moving average price is C$9.50. The firm has a market capitalization of C$4.95 billion, a price-to-earnings ratio of 22.71, a PEG ratio of -0.51 and a beta of -0.22. The company has a quick ratio of 1.24, a current ratio of 1.74 and a debt-to-equity ratio of 11.35.

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

Insiders Place Their Bets

In other Athabasca Oil news, insider Athabasca Oil Corporation bought 46,900 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were acquired at an average cost of C$11.00 per share, with a total value of C$515,900.00. Following the purchase, the insider directly owned 957,400 shares of the company’s stock, valued at C$10,531,400. This trade represents a 5.15% increase in their position. Over the last 90 days, insiders have purchased 182,900 shares of company stock valued at $2,053,950. Company 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.