Athabasca Oil (TSE:ATH) Sets New 52-Week High – Should You Buy?

Athabasca Oil Co. (TSE:ATH)’s stock price hit a new 52-week high on Monday . The company traded as high as C$7.52 and last traded at C$7.44, with a volume of 499061 shares trading hands. The stock had previously closed at C$7.37.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Raymond James Financial boosted their target price on Athabasca Oil from C$6.50 to C$7.00 in a report on Thursday, October 30th. TD Securities upped their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Scotiabank increased their target price on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Finally, Royal Bank Of Canada boosted their price target on Athabasca Oil from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$6.80.

Athabasca Oil Trading Up 2.3%

The firm has a fifty day moving average price of C$6.72 and a 200-day moving average price of C$5.97. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54. The company has a market capitalization of C$3.67 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of -0.51 and a beta of 0.78.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Thursday, October 30th. The oil and gas exploration company reported C$0.14 earnings per share for the quarter. Athabasca Oil had a net margin of 17.53% and a return on equity of 14.73%. The company had revenue of C$321.09 million during the quarter. As a group, equities analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Insider Buying and Selling at Athabasca Oil

In related news, insider Athabasca Oil Corporation purchased 129,800 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were bought at an average cost of C$6.82 per share, with a total value of C$885,236.00. Following the acquisition, the insider owned 2,844,700 shares of the company’s stock, valued at C$19,400,854. This trade represents a 4.78% increase in their position. In the last 90 days, insiders have purchased 2,844,700 shares of company stock valued at $18,986,013. Company insiders own 0.24% of the company’s stock.

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.