Athabasca Oil (TSE:ATH) Hits New 1-Year High - Time to Buy?

Key Points

• Athabasca hit a new 52-week high, trading as high as C$12.09 (last C$11.95) after a wave of analyst target increases — including Raymond James to C$13.00 and National Bank to C$12.50 — though the MarketBeat consensus remains a "Hold" with an average target of C$10.29.
• Company fundamentals show a C$5.82 billion market cap, P/E of 24.78, quarterly EPS of C$0.10, ROE 13.86% and net margin 18.29%, plus a current ratio of 1.78 and low debt-to-equity (11.38), indicating solid profitability and manageable leverage.

Athabasca Oil Co. (TSE:ATH - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as C$12.09 and last traded at C$11.95, with a volume of 424253 shares. The stock had previously closed at C$11.91.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ATH shares. TD Securities upped their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the company a "hold" rating in a research report on Friday, March 6th. Raymond James Financial raised shares of Athabasca Oil from a "hold" rating to a "moderate buy" rating and boosted their target price for the company from C$8.00 to C$13.00 in a research note on Monday, March 30th. Royal Bank Of Canada upped their target price on shares of Athabasca Oil from C$9.00 to C$12.00 and gave the company a "sector perform" rating in a report on Wednesday, April 8th. Scotiabank lifted their price target 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, National Bank Financial boosted their price objective on shares of Athabasca Oil from C$9.00 to C$12.50 and gave the company an "outperform" rating in a research report on Tuesday, March 31st. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of C$10.29.

Athabasca Oil Price Performance

The company has a 50 day moving average of C$10.06 and a 200 day moving average of C$8.31. The stock has a market capitalization of C$5.82 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of -0.51 and a beta of -0.03. The company has a quick ratio of 1.24, a current ratio of 1.78 and a debt-to-equity ratio of 11.38.

Athabasca Oil (TSE:ATH - Get Free Report) last issued its quarterly earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.10 earnings per share (EPS) for the quarter. Athabasca Oil had a return on equity of 13.86% and a net margin of 18.29%. As a group, equities research analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal 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.

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