Athabasca Oil (TSE:ATH) Shares Pass Above 200 Day Moving Average - Here's What Happened

Athabasca Oil Co. (TSE:ATH - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.03 and traded as high as C$5.31. Athabasca Oil shares last traded at C$5.30, with a volume of 1,486,321 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada raised Athabasca Oil from a "hold" rating to a "moderate buy" rating in a research report on Monday, March 10th. BMO Capital Markets decreased their price target 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 fifty day moving average of C$4.89 and a two-hundred day moving average of C$5.03. The firm has a market capitalization of C$2.78 billion, a price-to-earnings ratio of 12.59, 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.

About Athabasca Oil

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.