Athabasca Oil (TSE:ATH) Reaches New 1-Year High – Should You Buy?

Athabasca Oil Co. (TSE:ATH)’s share price reached a new 52-week high on Monday . The stock traded as high as C$11.16 and last traded at C$10.91, with a volume of 1078779 shares changing hands. The stock had previously closed at C$10.69.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ATH. Royal Bank Of Canada lowered shares of Athabasca Oil from a “moderate buy” rating to a “hold” rating and upped their target price for the stock from C$7.00 to C$9.00 in a research report on Monday, February 23rd. TD Securities lifted their price target 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. National Bank Financial upped their price objective on Athabasca Oil from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Desjardins reduced their price objective on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating on the stock in a research report on Friday, December 12th. Finally, Scotiabank raised their price objective 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. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Athabasca Oil presently has an average rating of “Hold” and a consensus price target of C$8.21.

Athabasca Oil Stock Up 2.9%

The company has a debt-to-equity ratio of 11.38, a quick ratio of 1.24 and a current ratio of 1.78. The stock’s 50 day moving average price is C$8.66 and its 200-day moving average price is C$7.57. The company has a market cap of C$5.28 billion, a PE ratio of 22.45, a PEG ratio of -0.51 and a beta of 0.51.

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