Athabasca Oil Co. (TSE:ATH - Get Free Report)'s share price hit a new 52-week high on Friday . The stock traded as high as C$6.09 and last traded at C$5.99, with a volume of 2000694 shares trading hands. The stock had previously closed at C$5.66.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Royal Bank of Canada raised shares of Athabasca Oil from a "hold" rating to a "moderate buy" rating in a research note on Monday, March 10th. BMO Capital Markets lowered their price objective on Athabasca Oil from C$7.00 to C$6.00 in a research note on Thursday, March 6th.
View Our Latest Stock Analysis on ATH
Athabasca Oil Stock Down 1.5%
The firm has a market cap of C$3.11 billion, a price-to-earnings ratio of 14.09, a PEG ratio of -0.51 and a beta of 2.05. The business's 50-day moving average is C$4.98 and its 200-day moving average is C$5.04. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54.
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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