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

Key Points

• Athabasca Oil shares rose above their 200-day moving average, reaching C$10.91 before closing at C$10.69, compared with the C$10.38 long-term average.
• Analyst sentiment remains mixed: three analysts rate the stock a Buy and four rate it Hold, producing an overall Hold consensus and an average price target of C$11.50. Targets range from C$12.50 to C$14.00.
• The company reported quarterly earnings of C$0.13 per share on C$306.54 million in revenue, while insiders purchased 866,800 shares worth about C$9.26 million over the prior 90 days.

Athabasca Oil Co. (TSE:ATH - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.38 and traded as high as C$10.91. Athabasca Oil shares last traded at C$10.69, with a volume of 2,431,059 shares trading hands.

Analysts Set New Price Targets

Several research firms recently weighed in on ATH. Desjardins set a C$12.50 price target on shares of Athabasca Oil and gave the company a "hold" rating in a report on Friday, July 17th. Royal Bank Of Canada upped their price objective on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the stock a "sector perform" rating in a report on Friday, May 8th. Finally, Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the stock a "buy" rating in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of C$11.50.

Athabasca Oil Price Performance

The stock has a market cap of C$5.15 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of -0.51 and a beta of -0.23. The company has a debt-to-equity ratio of 10.95, a quick ratio of 1.24 and a current ratio of 1.90. The firm has a 50-day moving average price of C$10.55 and a 200-day moving average price of C$10.38.

Athabasca Oil (TSE:ATH - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share for the quarter. The company had revenue of C$306.54 million for the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%. On average, analysts forecast that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Athabasca Oil news, insider Athabasca Oil Corporation bought 49,900 shares of the company's stock in a transaction dated Thursday, June 25th. The shares were purchased at an average price of C$10.18 per share, for a total transaction of C$507,982.00. Following the acquisition, the insider owned 922,900 shares in the company, valued at approximately C$9,395,122. This represents a 5.72% increase in their position. Insiders acquired a total of 866,800 shares of company stock worth $9,255,265 over the last ninety days. 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.

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