Athabasca Oil (TSE:ATH) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Athabasca Oil Co. (TSE:ATH)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.23 and traded as high as C$5.75. Athabasca Oil shares last traded at C$5.66, with a volume of 1,199,965 shares changing hands.

Analysts Set New Price Targets

Separately, Scotiabank cut shares of Athabasca Oil from a “strong-buy” rating to a “hold” rating and set a C$6.50 target price on the stock. in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$6.10.

Athabasca Oil Stock Performance

The stock has a market cap of C$2.94 billion, a price-to-earnings ratio of 13.32, a PEG ratio of -0.51 and a beta of 2.05. 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 company’s 50 day simple moving average is C$5.72 and its 200 day simple moving average is C$5.23.

Insider Buying and Selling at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation acquired 158,200 shares of Athabasca Oil stock in a transaction dated Thursday, July 31st. The stock was bought at an average price of C$5.89 per share, for a total transaction of C$932,414.98. Company 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.