Athabasca Oil (TSE:ATH) Reaches New 1-Year High - What's Next?

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ATH shares. Royal Bank Of Canada upgraded shares of Athabasca Oil from a "hold" rating to a "moderate buy" rating in a research report on Monday, March 10th. BMO Capital Markets decreased their target price on Athabasca Oil from C$7.00 to C$6.00 in a report on Thursday, March 6th.

Athabasca Oil Price Performance

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 capitalization of C$3.24 billion, a PE ratio of 14.66, a P/E/G ratio of -0.51 and a beta of 2.05. The stock's 50-day moving average is C$5.09 and its 200 day moving average is C$5.07.

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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