Athabasca Oil (TSE:ATH) Stock Price Passes Above 200 Day Moving Average of $4.42

Athabasca Oil Co. (TSE:ATH) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.42 and traded as high as C$5.27. Athabasca Oil shares last traded at C$5.14, with a volume of 3,146,082 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ATH. TD Securities downgraded shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 target price on the stock. in a research note on Tuesday, March 12th. ATB Capital boosted their price objective on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Royal Bank of Canada downgraded shares of Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 price objective on the stock. in a research report on Tuesday, March 26th. Stifel Nicolaus boosted their price objective on shares of Athabasca Oil from C$5.00 to C$5.75 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, BMO Capital Markets set a C$6.50 price objective on shares of Athabasca Oil and gave the company an “outperform” rating in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.00.

Athabasca Oil Stock Down 0.6 %

The company’s fifty day moving average is C$5.01 and its 200-day moving average is C$4.42. The company has a market capitalization of C$2.91 billion, a PE ratio of -57.11, a price-to-earnings-growth ratio of -0.51 and a beta of 2.19. The company has a debt-to-equity ratio of 11.72, a quick ratio of 1.24 and a current ratio of 2.70.

Athabasca Oil (TSE:ATH) last released its earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$315.93 million during the quarter. Athabasca Oil had a negative net margin of 4.29% and a negative return on equity of 3.11%. As a group, analysts predict that Athabasca Oil Co. will post 0.5260059 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$5.32, for a total transaction of C$130,340.00. Corporate insiders own 0.78% of the company’s stock.

Athabasca Oil Company Profile

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.