Athabasca Oil Co. (TSE:ATH - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.42 and traded as high as C$5.27. Athabasca Oil shares last traded at C$5.14, with a volume of 3,146,082 shares traded.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on ATH shares. TD Securities lowered Athabasca Oil from a "buy" rating to a "hold" rating and set a C$6.00 price target for the company. in a report on Tuesday, March 12th. BMO Capital Markets set a C$6.50 target price on Athabasca Oil and gave the stock an "outperform" rating in a report on Monday, April 8th. Desjardins raised their price target on Athabasca Oil from C$5.50 to C$5.75 and gave the company a "buy" rating in a research note on Friday, March 22nd. Royal Bank of Canada lowered shares of Athabasca Oil from an "outperform" rating to a "sector perform" rating and set a C$6.00 price objective for the company. in a research note on Tuesday, March 26th. Finally, ATB Capital raised their target price on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the company an "outperform" rating in a research report on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Athabasca Oil currently has a consensus rating of "Moderate Buy" and a consensus price target of C$6.00.
Get Our Latest Stock Analysis on Athabasca Oil
Athabasca Oil Price Performance
The stock's 50 day simple moving average is C$5.01 and its 200-day simple moving average is C$4.42. The firm has a market cap of C$2.87 billion, a price-to-earnings ratio of -57.22, a price-to-earnings-growth ratio of -0.51 and a beta of 2.19. The company has a debt-to-equity ratio of 11.72, a quick ratio of 1.24 and a current ratio of 2.70.
Athabasca Oil (TSE:ATH - Get Free Report) last issued its earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$315.93 million during the quarter. Athabasca Oil had a negative return on equity of 3.11% and a negative net margin of 4.29%. Equities research analysts anticipate that Athabasca Oil Co. will post 0.5260059 EPS for the current fiscal year.
Insider Buying and Selling
In other Athabasca Oil news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of Athabasca Oil stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$5.32, for a total transaction of C$130,340.00. Corporate insiders own 0.78% of the company's stock.
About Athabasca Oil
(
Get Free Report)
Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.
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