Athabasca Oil (TSE:ATH) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Athabasca Oil Co. (TSE:ATH)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.09 and traded as high as C$5.56. Athabasca Oil shares last traded at C$5.54, with a volume of 2,099,323 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ATH. BMO Capital Markets lowered their target price on Athabasca Oil from C$7.00 to C$6.00 in a research report on Thursday, March 6th. Royal Bank of Canada upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Athabasca Oil presently has a consensus rating of “Moderate Buy” and a consensus price target of C$6.25.

Athabasca Oil Stock Up 0.7 %

The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54. The firm has a fifty day simple moving average of C$5.00 and a 200-day simple moving average of C$5.09. The firm has a market cap of C$2.94 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of -0.51 and a beta of 2.05.

Insider Activity at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 105,700 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average cost of C$4.91 per share, with a total value of C$519,409.80. 0.24% of the stock is owned by company insiders.

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.