Athabasca Oil (TSE:ATH) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Athabasca Oil Co. (TSE:ATH - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.05 and traded as high as C$6.16. Athabasca Oil shares last traded at C$6.08, with a volume of 7,995,265 shares changing hands.

Wall Street Analysts Forecast Growth

ATH has been the subject of a number of research reports. Royal Bank Of Canada raised shares of Athabasca Oil from a "hold" rating to a "moderate buy" rating in a report on Monday, March 10th. BMO Capital Markets reduced their target price on shares of Athabasca Oil from C$7.00 to C$6.00 in a research note on Thursday, March 6th.

Athabasca Oil Stock Performance

The company has a debt-to-equity ratio of 12.55, a current ratio of 2.54 and a quick ratio of 1.24. The firm has a market capitalization of C$3.16 billion, a P/E ratio of 14.28, a P/E/G ratio of -0.51 and a beta of 2.05. The stock's 50 day moving average is C$5.04 and its two-hundred day moving average is C$5.06.

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.