Athabasca Oil (TSE:ATH) Sets New 12-Month High - Here's Why

Key Points

• 52-week high: Athabasca Oil hit a new 12-month high of C$11.27 (last C$11.22) on Monday with volume around 1.36 million shares.
• Analyst activity: Several firms raised ratings and targets (e.g., Raymond James to "moderate buy" with a C$13 target, National Bank to C$12.50, RBC to C$12), but the consensus remains a "Hold" with a consensus price target of C$10.29.
• Key fundamentals: Market cap C$5.31 billion, P/E 22.57; the company reported C$0.10 EPS for the quarter and analysts forecast about C$0.54 EPS for the current fiscal year.

Athabasca Oil Co. (TSE:ATH - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$11.27 and last traded at C$11.22, with a volume of 1361022 shares. The stock had previously closed at C$10.62.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. TD Securities raised their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a "hold" rating in a research report on Friday, March 6th. National Bank Financial raised their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an "outperform" rating in a research report on Tuesday, March 31st. Raymond James Financial raised Athabasca Oil from a "hold" rating to a "moderate buy" rating and raised their price objective for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th. Scotiabank raised their price objective on Athabasca Oil from C$7.00 to C$8.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 20th. Finally, Royal Bank Of Canada lifted their target price on Athabasca Oil from C$9.00 to C$12.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Athabasca Oil presently has a consensus rating of "Hold" and a consensus price target of C$10.29.

Athabasca Oil Stock Performance

The company has a market capitalization of C$5.31 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of -0.51 and a beta of -0.03. The company has a debt-to-equity ratio of 11.38, a quick ratio of 1.24 and a current ratio of 1.78. The firm has a 50-day simple moving average of C$9.29 and a two-hundred day simple moving average of C$7.86.

Athabasca Oil (TSE:ATH - Get Free Report) last released its earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. Athabasca Oil had a return on equity of 13.86% and a net margin of 18.29%. On average, sell-side analysts anticipate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.