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

Athabasca Oil Co. (TSE:ATH)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$10.04 and last traded at C$10.04, with a volume of 924773 shares traded. The stock had previously closed at C$9.54.

Wall Street Analyst Weigh In

Several research firms have recently commented on ATH. TD Securities raised their price objective 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. Scotiabank upped 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 research note on Tuesday, January 20th. National Bank Financial increased their target price on shares of Athabasca Oil from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Royal Bank Of Canada cut shares of Athabasca Oil from a “moderate buy” rating to a “hold” rating and raised their price target for the company from C$7.00 to C$9.00 in a research report on Monday, February 23rd. Finally, Desjardins dropped their price target on shares of Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating for the company in a research note on Friday, December 12th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Athabasca Oil presently has a consensus rating of “Hold” and a consensus target price of C$8.21.

Athabasca Oil Stock Down 2.1%

The firm has a 50 day moving average price of C$8.53 and a 200-day moving average price of C$7.50. The company has a current ratio of 1.78, a quick ratio of 1.24 and a debt-to-equity ratio of 11.38. The firm has a market cap of C$4.69 billion, a PE ratio of 19.94, a PEG ratio of -0.51 and a beta of 0.51.

Athabasca Oil (TSE:ATH) last released its 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 net margin of 18.29% and a return on equity of 13.86%. Research analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal 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.