Athabasca Oil (TSE:ATH) Hits New 12-Month High – Still a Buy?

Athabasca Oil Co. (TSE:ATH) shares reached a new 52-week high on Thursday . The stock traded as high as C$12.28 and last traded at C$12.24, with a volume of 1032570 shares traded. The stock had previously closed at C$11.97.

Wall Street Analyst Weigh In

ATH has been the subject of a number of recent research reports. Raymond James Financial raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from C$8.00 to C$13.00 in a research report on Monday, March 30th. Royal Bank Of Canada raised their target price on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Scotiabank boosted their price target on Athabasca Oil from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. TD Securities raised their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. Finally, National Bank Financial lifted their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$10.38.

Athabasca Oil Stock Performance

The company has a market cap of C$5.89 billion, a PE ratio of 27.04, a PEG ratio of -0.51 and a beta of 0.12. The company has a current ratio of 1.74, a quick ratio of 1.24 and a debt-to-equity ratio of 11.35. The business’s 50 day moving average is C$10.47 and its two-hundred day moving average is C$8.57.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share (EPS) for the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%.The business had revenue of C$355.58 million during the quarter. On average, equities research analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

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.