Athabasca Oil (TSE:ATH) Hits New 1-Year High – Time to Buy?

Athabasca Oil Co. (TSE:ATH)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$12.28 and last traded at C$12.24, with a volume of 1032570 shares changing hands. The stock had previously closed at C$11.97.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Securities upped their target price 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. Raymond James Financial raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$8.00 to C$13.00 in a report on Monday, March 30th. National Bank Financial lifted their target price on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Royal Bank Of Canada boosted their target price on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Finally, Scotiabank increased their price target on Athabasca Oil from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Athabasca Oil currently has an average rating of “Hold” and a consensus price target of C$10.38.

Athabasca Oil Trading Up 1.7%

The company has a quick ratio of 1.24, a current ratio of 1.74 and a debt-to-equity ratio of 11.35. The stock’s 50 day moving average is C$10.47 and its 200-day moving average is C$8.57. The company has a market cap of C$5.89 billion, a PE ratio of 27.04, a P/E/G ratio of -0.51 and a beta of 0.12.

Athabasca Oil (TSE:ATH) last posted its earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. The firm had revenue of C$355.58 million for the quarter. Athabasca Oil had a net margin of 16.25% and a return on equity of 12.23%. As a group, sell-side analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS 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.