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

Key Points

• Athabasca Oil shares rose above their 200-day moving average, reaching C$12.30 before closing at C$12.14 on heavy volume. The stock’s 200-day average was C$10.97.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of C$11.56—below the reported trading price. Recent ratings included downgrades from TD Securities and BMO Capital Markets.
• Insiders have been buying shares, including a 49,500-share purchase by the company at C$10.14 each; insiders acquired about 1.15 million shares worth C$12.2 million over the past 90 days.

Athabasca Oil Co. (TSE:ATH - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$10.97 and traded as high as C$12.30. Athabasca Oil shares last traded at C$12.14, with a volume of 6,617,120 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ATH. TD cut shares of Athabasca Oil from a "hold" rating to a "tender" rating and raised their price target for the stock from C$11.00 to C$12.00 in a report on Tuesday, October 6th. TD Securities lowered shares of Athabasca Oil from a "hold" rating to a "strong sell" rating in a report on Monday, October 5th. Royal Bank Of Canada set a C$12.00 price objective on shares of Athabasca Oil and gave the company a "sector perform" rating in a report on Thursday, September 10th. Desjardins set a C$12.50 target price on Athabasca Oil and gave the company a "hold" rating in a research report on Friday, July 17th. Finally, BMO Capital Markets lowered Athabasca Oil from an "outperform" rating to a "hold" rating and set a C$12.50 target price for the company. in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of C$11.56.

Athabasca Oil Trading Down 0.7%

The stock has a market cap of C$5.84 billion, a PE ratio of 25.83, a PEG ratio of -0.51 and a beta of 0.10. The company's fifty day moving average is C$10.88 and its 200-day moving average is C$10.97. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24.

Athabasca Oil (TSE:ATH - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. The company had revenue of C$306.54 million for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. On average, analysts predict that Athabasca Oil Co. will post 0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Athabasca Oil Corporation bought 49,500 shares of Athabasca Oil stock in a transaction on Tuesday, September 22nd. The stock was acquired at an average price of C$10.14 per share, with a total value of C$501,930.00. Following the completion of the acquisition, the insider directly owned 742,100 shares of the company's stock, valued at C$7,524,894. The trade was a 7.15% increase in their ownership of the stock. Insiders have acquired 1,150,600 shares of company stock worth $12,167,863 in the last ninety days. Corporate insiders own 0.24% of the company's stock.

Athabasca Oil Company Profile

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta's Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca's light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca's common shares trade on the TSX under the symbol 'ATH'.

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