Athabasca Oil (TSE:ATH) Shares Pass Above 200-Day Moving Average - Should You Sell?

Athabasca Oil Co. (TSE:ATH - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.02 and traded as high as C$5.32. Athabasca Oil shares last traded at C$5.24, with a volume of 3,769,081 shares traded.

Analysts Set New Price Targets

ATH has been the subject of several recent analyst reports. 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. BMO Capital Markets reduced their price target on shares of Athabasca Oil from C$7.00 to C$6.00 in a research report on Thursday, March 6th.

Athabasca Oil Stock Performance

The company has a market capitalization of C$2.72 billion, a P/E ratio of 12.33, a PEG ratio of -0.51 and a beta of 2.05. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. The company's 50-day moving average is C$4.94 and its two-hundred day moving average is C$5.02.

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.

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