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

Athabasca Oil Co. (TSE:ATH) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.26 and traded as high as C$10.64. Athabasca Oil shares last traded at C$10.59, with a volume of 1,435,158 shares.

Analysts Set New Price Targets

ATH has been the topic of a number of research analyst reports. Jefferies Financial Group set a C$14.00 price objective on shares of Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, June 4th. Desjardins set a C$12.50 target price on shares of Athabasca Oil and gave the stock a “hold” rating in a research report on Friday, July 17th. Finally, Royal Bank Of Canada upped their price target on shares of 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. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Athabasca Oil has a consensus rating of “Hold” and a consensus target price of C$11.50.

Athabasca Oil Trading Down 0.2%

The stock has a market capitalization of C$5.07 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of -0.51 and a beta of -0.23. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95. The company has a fifty day moving average of C$10.64 and a two-hundred day moving average of C$10.28.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share (EPS) for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The business had revenue of C$306.54 million during the quarter. On average, research analysts expect that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Insider Activity

In other Athabasca Oil news, insider Athabasca Oil Corporation acquired 43,500 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average cost of C$10.41 per share, for a total transaction of C$452,835.00. Following the completion of the purchase, the insider owned 993,600 shares of the company’s stock, valued at approximately C$10,343,376. This trade represents a 4.58% increase in their position. Insiders bought 866,800 shares of company stock valued at $9,255,265 over the last 90 days. 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.