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

Athabasca Oil Co. (TSE:ATH) reached a new 52-week high on Wednesday . The stock traded as high as C$12.86 and last traded at C$12.68, with a volume of 4148248 shares. The stock had previously closed at C$12.41.

Analyst Upgrades and Downgrades

ATH has been the subject of several recent analyst reports. Raymond James Financial raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$8.00 to C$13.00 in a report on Monday, March 30th. Royal Bank Of Canada raised their price objective on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a report on Friday, May 8th. National Bank Financial raised their price objective on shares of Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Scotiabank raised their price objective on shares of Athabasca Oil from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. Finally, TD Securities raised their price objective on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, March 6th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$10.38.

Athabasca Oil Trading Up 2.2%

The stock has a market capitalization of C$6.14 billion, a P/E ratio of 28.18, a PEG ratio of -0.51 and a beta of 0.12. The company has a debt-to-equity ratio of 11.35, a current ratio of 1.74 and a quick ratio of 1.24. The business’s 50 day simple moving average is C$10.76 and its 200-day simple moving average is C$8.73.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings data on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share (EPS) for the quarter. Athabasca Oil had a net margin of 16.25% and a return on equity of 12.23%. The firm had revenue of C$355.58 million for the quarter. As a group, analysts forecast 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.