Athabasca Oil (TSE:ATH) Reaches New 1-Year High – What’s Next?

Athabasca Oil Co. (TSE:ATH) shares hit a new 52-week high on Tuesday . The company traded as high as C$9.38 and last traded at C$9.37, with a volume of 378091 shares changing hands. The stock had previously closed at C$9.10.

Wall Street Analyst Weigh In

ATH has been the topic of several research analyst reports. TD Securities boosted their price target 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. Scotiabank upped their target price 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. Royal Bank Of Canada downgraded shares of Athabasca Oil from a “moderate buy” rating to a “hold” rating and increased their price target for the stock from C$7.00 to C$9.00 in a report on Monday, February 23rd. Desjardins decreased their price objective 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. Finally, National Bank Financial upped their price objective on shares of Athabasca Oil from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Friday, January 9th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Athabasca Oil currently has an average rating of “Hold” and a consensus target price of C$8.21.

Athabasca Oil Stock Performance

The company has a quick ratio of 1.24, a current ratio of 1.78 and a debt-to-equity ratio of 11.38. The firm has a 50-day moving average of C$8.11 and a two-hundred day moving average of C$7.34. The company has a market capitalization of C$4.48 billion, a PE ratio of 19.04, a PEG ratio of -0.51 and a beta of 0.51.

Athabasca Oil (TSE:ATH) last posted 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 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.