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

Athabasca Oil Co. (TSE:ATH) reached a new 52-week high on Monday . The stock traded as high as C$9.38 and last traded at C$9.16, with a volume of 1036018 shares trading hands. The stock had previously closed at C$8.82.

Analyst Ratings Changes

ATH has been the topic of several recent research reports. Desjardins reduced their price target on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating on the stock in a research note on Friday, December 12th. 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 report on Tuesday, January 20th. National Bank Financial increased their price target on shares of Athabasca Oil from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. Finally, Royal Bank Of Canada cut shares of Athabasca Oil from a “moderate buy” rating to a “hold” rating and lifted their price target for the company from C$7.00 to C$9.00 in a research report on Monday, February 23rd. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Athabasca Oil currently has an average rating of “Hold” and a consensus target price of C$7.75.

Athabasca Oil Stock Performance

The company has a debt-to-equity ratio of 11.13, a current ratio of 2.02 and a quick ratio of 1.24. The business has a 50 day moving average price of C$7.77 and a 200 day moving average price of C$7.15. The stock has a market capitalization of C$4.25 billion, a PE ratio of 10.05, a PEG ratio of -0.51 and a beta of 0.53.

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.