Athabasca Oil (TSE:ATH) Sets New 12-Month High - Time to Buy?

Key Points

• Athabasca Oil hit a new 52-week high of C$10.04 on Tuesday, trading up about 5.9% with roughly 924,773 shares changing hands.
• Analysts are mostly cautious—one Buy and four Hold—resulting in an average rating of Hold and an average price target of C$8.21, which sits below the current share price.
• Key fundamentals: market capitalization of C$4.84 billion, a PE ratio of 20.61, last quarter EPS of C$0.10, return on equity of 13.86%, and a low debt-to-equity ratio of 11.38 with a current ratio of 1.78.

Athabasca Oil Co. (TSE:ATH - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as C$10.04 and last traded at C$10.04, with a volume of 924773 shares trading hands. The stock had previously closed at C$9.54.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ATH shares. Desjardins cut their target price on shares of Athabasca Oil from C$8.50 to C$8.25 and set a "hold" rating on the stock in a report on Friday, December 12th. Scotiabank upped their price target on shares of Athabasca Oil from C$7.00 to C$8.00 and gave the company a "sector perform" rating in a report on Tuesday, January 20th. TD Securities increased their price target on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the company a "hold" rating in a research report on Friday, March 6th. Royal Bank Of Canada lowered shares of Athabasca Oil from a "moderate buy" rating to a "hold" rating and raised their price target for the stock from C$7.00 to C$9.00 in a report on Monday, February 23rd. Finally, National Bank Financial boosted their price objective on shares of Athabasca Oil from C$8.50 to C$9.00 and gave the company an "outperform" rating in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of C$8.21.

Athabasca Oil Stock Up 5.9%

The company's fifty day simple moving average is C$8.42 and its 200 day simple moving average is C$7.46. The company has a quick ratio of 1.24, a current ratio of 1.78 and a debt-to-equity ratio of 11.38. The firm has a market capitalization of C$4.84 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of -0.51 and a beta of 0.51.

Athabasca Oil (TSE:ATH - Get Free Report) last announced its earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.10 earnings per share (EPS) for the quarter. Athabasca Oil had a return on equity of 13.86% and a net margin of 18.29%. Analysts anticipate that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

About Athabasca Oil

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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