Athabasca Oil (TSE:ATH) Hits New 52-Week High – What’s Next?

Shares of Athabasca Oil Co. (TSE:ATH) hit a new 52-week high on Friday . The stock traded as high as C$5.79 and last traded at C$5.70, with a volume of 885374 shares traded. The stock had previously closed at C$5.58.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Scotiabank set a C$6.50 target price on shares of Athabasca Oil and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. National Bankshares lowered their target price on shares of Athabasca Oil from C$7.50 to C$6.50 in a research note on Friday, September 27th. TD Securities lowered their target price on shares of Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, October 1st. Royal Bank of Canada increased their target price on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. Finally, Raymond James raised shares of Athabasca Oil to a “hold” rating in a research note on Thursday, October 17th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Athabasca Oil presently has an average rating of “Moderate Buy” and an average target price of C$6.25.

Athabasca Oil Trading Up 0.4 %

The company’s 50 day moving average price is C$5.18 and its 200 day moving average price is C$5.21. The firm has a market cap of C$3.05 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.46 and a quick ratio of 1.24.

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.