Athabasca Oil (TSE:ATH) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Athabasca Oil Co. (TSE:ATH) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Analyst Ratings Changes

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

Athabasca Oil Stock Up 0.9 %

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

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.