Athabasca Oil (TSE:ATH) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Athabasca Oil Co. (TSE:ATH) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.11 and traded as high as C$5.64. Athabasca Oil shares last traded at C$5.63, with a volume of 1,437,384 shares traded.

Wall Street Analysts Forecast Growth

ATH has been the subject of several research reports. BMO Capital Markets cut their target price on shares of Athabasca Oil from C$7.00 to C$6.00 in a research report on Thursday, March 6th. Royal Bank of Canada raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 10th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Athabasca Oil has an average rating of “Moderate Buy” and an average target price of C$6.25.

Athabasca Oil Price Performance

The firm has a 50-day moving average of C$5.01 and a 200-day moving average of C$5.12. 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 market capitalization of C$2.68 billion, a P/E ratio of 12.14, a PEG ratio of -0.51 and a beta of 2.05.

Insider Activity

In related news, insider Athabasca Oil Corporation acquired 105,700 shares of the stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of C$4.91 per share, with a total value of C$519,409.80. Corporate 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.