Athabasca Oil (TSE:ATH) Hits New 1-Year Low at $0.38
Shares of Athabasca Oil Corp (TSE:ATH) reached a new 52-week low on Thursday . The company traded as low as C$0.38 and last traded at C$0.39, with a volume of 773487 shares trading hands. The stock had previously closed at C$0.38.
ATH has been the subject of a number of recent analyst reports. TD Securities dropped their price target on Athabasca Oil from C$1.00 to C$0.90 and set a “buy” rating for the company in a report on Wednesday, November 6th. CIBC dropped their price target on Athabasca Oil from C$1.30 to C$1.15 in a report on Tuesday, October 15th. Royal Bank of Canada cut Athabasca Oil from a “sector perform” rating to an “underperform” rating and dropped their price target for the company from C$0.90 to C$0.60 in a report on Friday, October 18th. Finally, Raymond James reaffirmed a “market perform” rating and set a C$0.75 price target on shares of Athabasca Oil in a report on Thursday, November 7th.
The stock has a fifty day moving average of C$0.51 and a two-hundred day moving average of C$0.68. The stock has a market capitalization of $198.89 million and a price-to-earnings ratio of -0.87. The company has a current ratio of 3.34, a quick ratio of 2.76 and a debt-to-equity ratio of 46.43.
Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Leismer and Hangingstone assets located in northeastern Alberta.
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