Athabasca Oil (TSE:ATH) Hits New 1-Year High – Here’s Why

Athabasca Oil Co. (TSE:ATH) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$12.28 and last traded at C$12.24, with a volume of 1032570 shares traded. The stock had previously closed at C$11.97.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. TD Securities lifted their target price on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, March 6th. Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th. Royal Bank Of Canada raised their target price on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. National Bank Financial raised their target price on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Finally, Scotiabank raised their target price on 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. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Athabasca Oil presently has an average rating of “Hold” and a consensus price target of C$10.38.

Athabasca Oil Trading Up 1.9%

The stock has a market cap of C$6.01 billion, a price-to-earnings ratio of 27.58, a PEG ratio of -0.51 and a beta of 0.12. 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 business has a 50-day moving average of C$10.61 and a 200-day moving average of C$8.63.

Athabasca Oil (TSE:ATH) last released 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. The firm had revenue of C$355.58 million during 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 earnings per share for the current 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.