Athabasca Oil Co. (TSE:ATH - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$4.05 and last traded at C$4.14, with a volume of 301144 shares traded. The stock had previously closed at C$4.21.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on ATH shares. BMO Capital Markets reduced their target price on shares of Athabasca Oil from C$7.00 to C$6.00 in a research report on Thursday, March 6th. Royal Bank of Canada raised Athabasca Oil from a "hold" rating to a "moderate buy" rating in a report on Monday, March 10th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$6.25.
Check Out Our Latest Stock Report on ATH
Athabasca Oil Price Performance
The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55. The company has a fifty day moving average price of C$4.95 and a two-hundred day moving average price of C$5.08. The firm has a market cap of C$2.35 billion, a P/E ratio of 10.64, a PEG ratio of -0.51 and a beta of 2.05.
Insider Buying and Selling
In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 105,700 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of C$4.91 per share, with a total value of C$519,409.80. 0.24% of the stock is currently owned by company insiders.
About Athabasca Oil
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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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