Athabasca Oil (TSE:ATH) Sets New 52-Week High - What's Next?

Shares of Athabasca Oil Co. (TSE:ATH - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as C$6.18 and last traded at C$6.18, with a volume of 848395 shares traded. The stock had previously closed at C$6.06.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Royal Bank Of Canada upgraded Athabasca Oil from a "hold" rating to a "moderate buy" rating in a report on Monday, March 10th. BMO Capital Markets dropped their price objective on shares of Athabasca Oil from C$7.00 to C$6.00 in a research note on Thursday, March 6th.

Athabasca Oil Stock Down 5.7%

The stock has a fifty day moving average of C$5.13 and a two-hundred day moving average of C$5.08. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. The stock has a market cap of C$3.02 billion, a price-to-earnings ratio of 13.67, a PEG ratio of -0.51 and a beta of 2.05.

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.