Athabasca Oil (TSE:ATH) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Athabasca Oil Co. (TSE:ATH) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$9.78 and traded as high as C$10.98. Athabasca Oil shares last traded at C$10.74, with a volume of 1,215,049 shares changing hands.

Wall Street Analyst Weigh In

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

Athabasca Oil Stock Down 1.7%

The firm has a market capitalization of C$5.20 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of -0.51 and a beta of -0.19. The company has a current ratio of 1.74, a quick ratio of 1.24 and a debt-to-equity ratio of 11.35. The firm has a 50-day moving average of C$11.14 and a two-hundred day moving average of C$9.78.

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 (EPS) for the quarter. The firm had revenue of C$355.58 million during the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%. On average, equities research analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Insider Buying and Selling at Athabasca Oil

In other news, insider Athabasca Oil Corporation bought 49,900 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was acquired at an average price of C$10.18 per share, for a total transaction of C$507,982.00. Following the acquisition, the insider owned 922,900 shares of the company’s stock, valued at C$9,395,122. This trade represents a 5.72% increase in their ownership of the stock. Over the last quarter, insiders bought 476,400 shares of company stock valued at $5,086,334. 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.