Athabasca Oil (TSE:ATH) Sets New 1-Year High – Still a Buy?

Shares of Athabasca Oil Co. (TSE:ATH) hit a new 52-week high on Monday . The company traded as high as C$12.09 and last traded at C$11.95, with a volume of 424253 shares traded. The stock had previously closed at C$11.91.

Analysts Set New Price Targets

ATH has been the subject of several recent research reports. National Bank Financial upped their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Scotiabank boosted their target price on shares of Athabasca Oil from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. Royal Bank Of Canada boosted their target price on shares of Athabasca Oil from C$9.00 to C$12.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 8th. TD Securities raised their price target on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, March 6th. Finally, Raymond James Financial upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$8.00 to C$13.00 in a report on Monday, March 30th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$10.29.

Athabasca Oil Stock Performance

The company has a quick ratio of 1.24, a current ratio of 1.78 and a debt-to-equity ratio of 11.38. The firm has a market capitalization of C$5.81 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of -0.51 and a beta of 0.12. The company’s 50 day moving average is C$10.12 and its 200-day moving average is C$8.35.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. Athabasca Oil had a return on equity of 13.86% and a net margin of 18.29%. As a group, equities analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

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.