Athabasca Oil (TSE:ATH) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Athabasca Oil Co. (TSE:ATH)’s share price 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 changing hands.

Analyst Upgrades and Downgrades

ATH has been the subject of several research reports. Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th. Jefferies Financial Group set a C$14.00 price objective on Athabasca Oil and gave the stock a “buy” rating in a report on Thursday, June 4th. TD Securities raised their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a research report on Friday, March 6th. National Bank Financial boosted 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. Finally, Royal Bank Of Canada upped their target price on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Athabasca Oil has a consensus rating of “Hold” and a consensus target price of C$10.89.

Athabasca Oil Trading Down 0.3%

The stock has a market cap of C$4.93 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of -0.51 and a beta of -0.22. The firm has a 50-day moving average price of C$11.36 and a 200-day moving average price of C$9.52. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.24 and a current ratio of 1.74.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings data 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 net margin of 16.25% and a return on equity of 12.23%. As a group, equities analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Insider Activity at Athabasca Oil

In other news, insider Athabasca Oil Corporation purchased 48,800 shares of Athabasca Oil stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of C$10.30 per share, with a total value of C$502,640.00. Following the completion of the transaction, the insider directly owned 1,070,200 shares of the company’s stock, valued at approximately C$11,023,060. The trade was a 4.78% increase in their ownership of the stock. Insiders have purchased a total of 476,400 shares of company stock worth $5,086,334 in the last 90 days. Corporate 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.