Athabasca Oil (TSE:ATH) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Athabasca Oil Co. (TSE:ATH) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$7.30 and traded as high as C$9.20. Athabasca Oil shares last traded at C$9.06, with a volume of 2,061,792 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Scotiabank upped their target price on Athabasca Oil from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. TD Securities raised their price target on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, March 6th. Royal Bank Of Canada cut Athabasca Oil from a “moderate buy” rating to a “hold” rating and boosted their price target for the stock from C$7.00 to C$9.00 in a report on Monday, February 23rd. Desjardins reduced their price objective on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating on the stock in a research report on Friday, December 12th. Finally, National Bank Financial increased their price objective on Athabasca Oil from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$8.21.

Athabasca Oil Stock Performance

The stock’s fifty day simple moving average is C$8.06 and its two-hundred day simple moving average is C$7.31. The company has a market cap of C$4.40 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of -0.51 and a beta of 0.51. The company has a debt-to-equity ratio of 11.38, a quick ratio of 1.24 and a current ratio of 1.78.

Athabasca Oil (TSE:ATH) last released its quarterly earnings data on Thursday, March 5th. The oil and gas exploration company reported C$0.10 EPS for the quarter. Athabasca Oil had a return on equity of 13.86% and a net margin of 18.29%. Equities research analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

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.