Athabasca Oil (TSE:ATH) Reaches New 1-Year High – Should You Buy?

Athabasca Oil Co. (TSE:ATH) reached a new 52-week high on Monday . The stock traded as high as C$9.38 and last traded at C$9.16, with a volume of 1036018 shares changing hands. The stock had previously closed at C$8.82.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. National Bank Financial raised 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 note on Friday, January 9th. Scotiabank increased their target price on shares of Athabasca Oil from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. Desjardins dropped their price target on shares of Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating for the company in a research note on Friday, December 12th. Finally, Royal Bank Of Canada lowered Athabasca Oil from a “moderate buy” rating to a “hold” rating and upped their price objective for the stock from C$7.00 to C$9.00 in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$7.75.

Athabasca Oil Trading Up 3.2%

The company’s fifty day moving average is C$7.69 and its two-hundred day moving average is C$7.11. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. The stock has a market cap of C$4.42 billion, a price-to-earnings ratio of 10.46, a PEG ratio of -0.51 and a beta of 0.53.

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.