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

Athabasca Oil Co. (TSE:ATH) reached a new 52-week high 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

ATH has been the subject of a number of recent research reports. Raymond James Financial upgraded 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. TD Securities increased their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, March 6th. National Bank Financial increased their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Finally, Royal Bank Of Canada increased their price objective on Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$10.38.

Athabasca Oil Stock Down 1.8%

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 firm has a market cap of C$5.76 billion, a P/E ratio of 26.44, a PEG ratio of -0.51 and a beta of 0.12. The stock’s 50-day simple moving average is C$10.90 and its 200 day simple moving average is C$8.80.

Athabasca Oil (TSE:ATH) last posted 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. The firm had revenue of C$355.58 million for the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%. As a group, research analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal 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.