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

Athabasca Oil Co. (TSE:ATH) hit a new 52-week high 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 brokerages have commented on ATH. TD Securities increased their target price on 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. Royal Bank Of Canada downgraded Athabasca Oil from a “moderate buy” rating to a “hold” rating and upped their price target for the company from C$7.00 to C$9.00 in a report on Monday, February 23rd. Scotiabank increased their price objective on Athabasca Oil from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. Desjardins reduced their price objective on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating for the company in a report on Friday, December 12th. Finally, National Bank Financial boosted their target price on Athabasca Oil from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$8.21.

Athabasca Oil Stock Up 5.9%

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 has a market cap of C$4.84 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of -0.51 and a beta of 0.51. The company’s 50-day moving average price is C$8.42 and its 200 day moving average price is C$7.46.

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