Athabasca Oil (TSE:ATH) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Athabasca Oil Co. (TSE:ATH) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.21 and traded as high as C$5.60. Athabasca Oil shares last traded at C$5.58, with a volume of 2,330,353 shares traded.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. National Bankshares cut their price target on Athabasca Oil from C$7.50 to C$6.50 in a research note on Friday, September 27th. TD Securities dropped their price objective on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Scotiabank set a C$6.50 target price on shares of Athabasca Oil and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, Raymond James raised shares of Athabasca Oil to a “hold” rating in a research note on Thursday, October 17th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$6.25.

Athabasca Oil Stock Up 0.9 %

The company has a quick ratio of 1.24, a current ratio of 2.46 and a debt-to-equity ratio of 11.60. The stock’s 50-day simple moving average is C$5.16 and its 200 day simple moving average is C$5.21. The firm has a market cap of C$3.03 billion, a P/E ratio of 37.20, a PEG ratio of -0.51 and a beta of 2.05.

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.