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

Shares of Athabasca Oil Co. (TSE:ATH) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$12.86 and last traded at C$12.68, with a volume of 4148248 shares changing hands. The stock had previously closed at C$12.41.

Analyst Ratings Changes

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

Athabasca Oil Stock Up 2.2%

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 firm’s 50 day simple moving average is C$10.76 and its 200-day simple moving average is C$8.73. The stock has a market capitalization of C$6.14 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of -0.51 and a beta of 0.12.

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 net margin of 16.25% and a return on equity of 12.23%. The firm had revenue of C$355.58 million for the quarter. Equities analysts expect that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal 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.