Athabasca Oil (TSE:ATH) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Athabasca Oil shares rose above their 200-day moving average, reaching C$11.21 before closing at C$11.01 on volume of about 2.28 million shares.
• Analyst sentiment is mixed: three analysts rate the stock a Buy and four rate it a Hold, producing an overall “Hold” rating and an average price target of C$11.50.
• The company reported quarterly EPS of C$0.13 on revenue of C$306.54 million, while insiders have purchased more than 1.1 million shares over the past quarter.

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$10.62 and traded as high as C$11.21. Athabasca Oil shares last traded at C$11.01, with a volume of 2,280,137 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Jefferies Financial Group set a C$14.00 price target on shares of Athabasca Oil and gave the stock a "buy" rating in a research note on Thursday, June 4th. Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the stock a "hold" rating in a research note on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Athabasca Oil has an average rating of "Hold" and an average price target of C$11.50.

Athabasca Oil Stock Performance

The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95. The company has a market capitalization of C$5.30 billion, a PE ratio of 23.43, a PEG ratio of -0.51 and a beta of -0.17. The firm's 50-day simple moving average is C$10.60 and its 200-day simple moving average is C$10.62.

Athabasca Oil (TSE:ATH - Get Free Report) last issued its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. The business 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, research analysts predict that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

Insider Transactions at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 49,900 shares of Athabasca Oil stock in a transaction dated Thursday, June 25th. The stock was acquired 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 C$9,395,122. This trade represents a 5.72% increase in their position. In the last quarter, insiders have bought 1,101,600 shares of company stock worth $11,703,306. 0.24% of the stock is owned by corporate insiders.

About Athabasca Oil

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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