Athabasca Oil (TSE:ATH) Reaches New 52-Week High – Should You Buy?

Athabasca Oil Co. (TSE:ATH) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$8.71 and last traded at C$8.51, with a volume of 337034 shares changing hands. The stock had previously closed at C$8.53.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ATH. Raymond James Financial raised their target price on shares of Athabasca Oil from C$6.50 to C$7.00 in a research report on Thursday, October 30th. Scotiabank increased their price objective on shares of Athabasca Oil from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. National Bankshares raised their price objective on Athabasca Oil from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Friday, January 9th. TD Securities upped their target price on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. Finally, Desjardins reduced their price target on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating for the company in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$7.46.

Athabasca Oil Stock Performance

The company has a debt-to-equity ratio of 12.55, a current ratio of 2.54 and a quick ratio of 1.24. The stock has a 50-day moving average price of C$7.34 and a 200-day moving average price of C$6.84. The company has a market capitalization of C$4.16 billion, a price-to-earnings ratio of 9.84, a PEG ratio of -0.51 and a beta of 0.53.

Athabasca Oil (TSE:ATH) last posted its earnings results on Thursday, October 30th. The oil and gas exploration company reported C$0.14 earnings per share for the quarter. Athabasca Oil had a return on equity of 14.73% and a net margin of 17.53%.The business had revenue of C$321.09 million for the quarter. As a group, analysts forecast that Athabasca Oil Co. will post 0.5403473 earnings per share 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.