Athabasca Oil Co. (TSE:ATH - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$5.49 and last traded at C$5.49, with a volume of 3911126 shares changing hands. The stock had previously closed at C$5.24.
Wall Street Analyst Weigh In
A number of analysts have issued reports on ATH shares. Desjardins raised their target price on Athabasca Oil from C$5.50 to C$5.75 and gave the company a "buy" rating in a report on Friday, March 22nd. Stifel Nicolaus lifted their price objective on Athabasca Oil from C$5.00 to C$5.75 and gave the stock a "buy" rating in a report on Monday, March 4th. ATB Capital lifted their price objective on Athabasca Oil from C$5.50 to C$6.00 and gave the stock an "outperform" rating in a report on Wednesday, March 20th. TD Securities lowered Athabasca Oil from a "buy" rating to a "hold" rating and set a C$6.00 price objective on the stock. in a report on Tuesday, March 12th. Finally, Royal Bank of Canada lowered Athabasca Oil from an "outperform" rating to a "sector perform" rating and set a C$6.00 price objective on the stock. in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$6.00.
Read Our Latest Stock Report on ATH
Athabasca Oil Price Performance
The company has a fifty day moving average price of C$4.90 and a two-hundred day moving average price of C$4.38. The company has a current ratio of 2.70, a quick ratio of 1.24 and a debt-to-equity ratio of 11.72. The company has a market cap of C$3.15 billion, a price-to-earnings ratio of -61.78, a price-to-earnings-growth ratio of -0.51 and a beta of 2.19.
Athabasca Oil (TSE:ATH - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 EPS for the quarter. The business had revenue of C$315.93 million for the quarter. Athabasca Oil had a negative return on equity of 3.11% and a negative net margin of 4.29%. As a group, equities research analysts anticipate that Athabasca Oil Co. will post 0.5 EPS for the current fiscal year.
Insider Activity at Athabasca Oil
In related news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the business's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of C$5.32, for a total value of C$130,340.00. 0.78% of the stock is owned by insiders.
About Athabasca Oil
(
Get Free Report)
Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.
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