Athabasca Oil (OTCMKTS:ATHOF) Stock Price Passes Below Fifty Day Moving Average – Time to Sell?

Athabasca Oil Co. (OTCMKTS:ATHOF)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.19 and traded as low as $4.9845. Athabasca Oil shares last traded at $5.03, with a volume of 60,556 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ATHOF. Raymond James Financial reaffirmed a “market perform” rating on shares of Athabasca Oil in a report on Thursday, October 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Athabasca Oil in a research report on Friday, October 31st. Scotiabank reissued a “sector perform” rating on shares of Athabasca Oil in a research note on Thursday, October 9th. Finally, TD Securities reaffirmed a “hold” rating on shares of Athabasca Oil in a report on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Athabasca Oil Trading Up 0.4%

The stock’s fifty day moving average is $5.19 and its two-hundred day moving average is $4.73.

Athabasca Oil Company Profile

Athabasca Oil Corporation, trading as ATHOF on the OTCMKTS, is a Canadian energy company focused on the exploration, development and production of heavy oil and bitumen resources. The company’s asset portfolio spans key regions in Western Canada, including the Peace River, Cold Lake and Lloydminster heavy oil plays, as well as select light oil and natural gas opportunities in emerging formations.

Through a vertically integrated operating model, Athabasca Oil manages activities from reservoir optimization and drilling to surface facility construction and bitumen handling.