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

Athabasca Oil Co. (TSE:ATH - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.22 and traded as high as C$5.42. Athabasca Oil shares last traded at C$5.34, with a volume of 1,970,000 shares.

Wall Street Analyst Weigh In

ATH has been the topic of several research analyst reports. Raymond James raised Athabasca Oil to a "hold" rating in a report on Thursday, October 17th. BMO Capital Markets boosted their price target on shares of Athabasca Oil from C$6.50 to C$7.00 in a report on Tuesday, January 14th. TD Securities decreased their price objective on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Scotiabank set a C$6.50 target price on shares of Athabasca Oil and gave the stock an "outperform" rating in a research note on Tuesday, October 15th. Finally, National Bankshares lowered their price objective on Athabasca Oil from C$7.50 to C$6.50 in a report on Friday, September 27th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Athabasca Oil has an average rating of "Moderate Buy" and a consensus target price of C$6.31.

Athabasca Oil Stock Performance

The stock has a 50-day moving average of C$5.20 and a 200 day moving average of C$5.22. The stock has a market cap of C$2.94 billion, a PE ratio of 36.00, a P/E/G ratio of -0.51 and a beta of 2.05. The company has a quick ratio of 1.24, a current ratio of 2.46 and a debt-to-equity ratio of 11.60.

Athabasca Oil (TSE:ATH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The oil and gas exploration company reported C$0.12 EPS for the quarter. Athabasca Oil had a net margin of 6.32% and a return on equity of 5.04%. Equities analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

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.