Athabasca Oil (TSE:ATH) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Athabasca Oil Co. shares have crossed above their 200-day moving average, trading at C$5.80 after reaching a peak of C$6.00.
• Scotiabank has downgraded the stock from a "strong-buy" rating to a "hold" rating with a price target set at C$6.50.
• The company's market cap stands at C$3.02 billion, with significant metrics including a debt-to-equity ratio of 12.55 and a price-to-earnings ratio of 13.65.

Athabasca Oil Co. (TSE:ATH - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.17 and traded as high as C$6.00. Athabasca Oil shares last traded at C$5.80, with a volume of 1,450,215 shares changing hands.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered shares of Athabasca Oil from a "strong-buy" rating to a "hold" rating and set a C$6.50 target price for the company. in a research report on Friday, July 11th.

Athabasca Oil Stock Up 0.5%

The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55. The firm's 50 day simple moving average is C$5.58 and its 200-day simple moving average is C$5.16. The stock has a market capitalization of C$3.08 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05.

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.